Any setback in gold may be short-term, as many analysts still suggest that global quantitative easing will continue as the overwhelming central banking policy. The prospects of easing remain on the table in Europe, where finance ministers are figuring out the next steps with Greece and as Spain waits to ask for aid from the European Central Bank.

Gold mining stocks were mixed Monday. Shares of Agnico-Eagle Mines ( AEM) were rising 2.4%, but shares of Eldorado Gold ( EGO) were off 0.98%.

Among other mining stocks, Barrick Gold ( ABX) was increasing 0.49%, as Kinross Gold ( KGC) was flat.

Gold ETF SPDR Gold Trust ( GLD) was gaining 0.28%.

-- Written by Joe Deaux in New York.

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