Gold prices fell to the lowest level in around four weeks in European trade on Monday, as investors looked ahead to a busy week of Federal Reserve speakers for more clues on future monetary policy moves.

Comex gold futures were at $1,253.74 a troy ounce by 3:05AM ET (0705GMT), down $2.70, or around 0.2%. Prices fell to $1,252.20 in overnight trade, a level not seen since May 24.

Gold prices lost $13.20, or roughly 1.2%, last week, the second weekly decline in a row, after the Fed raised interest rates and kept the door open for another hike in 2017.