Gold story updated with additional background information and price changes.
NEW YORK (TheStreet) -- Gold prices have fallen Monday as investors continue to digest information from minutes of the Fed's June 22 to 23 meeting (which were released on Wednesday, and suggested the possibility of deflationary pressures) and weaker housing numbers indicative of a slow economic recovery.

Meanwhile, better-than-expected quarterly profits from Delta Air Lines ( DAL - Get Report), Halliburton ( HAL - Get Report) and Hasbro ( HAS - Get Report) Monday has triggered a slight rally in the broader equity indices.

The yellow metal, which is often used as an inflationary hedge, was falling by $6.80 to $1,181.40 an ounce for August delivery on the Comex division of the New York Mercantile Exchange. The gold price Monday has traded as high as $1,194.70 and as a low as $1,176.90. The U.S. dollar index was inched up 0.1% to $82.58. The spot gold price was falling more than $11, according to Kitco's gold index.

The National Association of Home Builders on Monday reported that the July housing market index came in at 14, falling 2 points from June's downwardly revised figure of 16.

Meanwhile, the Fed's minutes, published last week, has indicated that "several participants noted that a continuation of lower-than-expected inflation and high unemployment could eventually lead to a downward movement in inflation expectations that would reinforce disinflationary pressures."

In their discussion of monetary policy for the period ahead, members agreed that it would be appropriate to maintain the record-low target range of 0 to 0.25% for the federal funds rate.

Still, some officials had noted during the meeting the possibility of a potentially unsustainable fiscal position, and that the size of the Federal Reserve's balance sheet could boost inflation expectations and actual inflation over time.

Gold prices are lower also as investors wait for results of stress tests of EU banks. This data is set to come out on Friday. They'll also be focusing on key economic events such as Fed chairman Ben Bernanke's testimony on monetary policy Wednesday in front of the Senate Banking Committee as well as the House Financial Services Committee on Thursday.

Silver prices were down 0.2% at $17.59 while copper prices were at $2.94.

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Gold mining stocks, a more risky but profitable way to to invest in gold, were mostly lower Monday.

Newmont Mining ( NEM - Get Report) settled Friday's trading session at $56.87, down 3.5%, while Yamana Gold ( AUY - Get Report) was falling 3.6% to $9.19.

Gold ETF SPDR Gold Trust ( GLD - Get Report) was losing 0.9% to $115.58 and Barrick Gold ( ABX) was trading at $40.66, down 2.6%.

-- Reported by Andrea Tse in New York

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