Gold for December delivery settled lower by 0.9%, or $10 to $1,159.80 per troy ounce, the Wall Street Journal reports.
Gold fell due to a rising dollar, which edged up 0.2% on Monday.
Must Read: Warren Buffett's 25 Favorite Stocks
On Friday, gold rallied higher by 2.4% due to October's job growth data, which came in lower than expected, the Journal said.
"The strength of the dollar appears to be an insurmountable hurdle for gold," a Barclays analysts said in an investors' note.
"Gold is taking its cue from currency movements and rates expectations, suggesting further downside pressure," the analyst continued, the Journal noted.
Shares of Goldcorp are up by 0.31% to $19.12 in after-hours trading on Monday.
TheStreet Ratings team rates GOLDCORP INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOLDCORP INC (GG) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share."