Gold declined in Europe today after gaining overnight as a steady dollar against the euro and weaker oil prices triggered profit taking.

Dealers said gold would remain confined in a broad range as investors awaited the outcome of a meeting of the Federal Reserve and US economic data due for release this week.

Spot gold hit an intraday high of $647,70 an ounce in Asia before falling to $642,40/643,40 in early trade, compared with $645,00/646,00 in New York late on Friday.