Gold edges down as dollar stands firm, oil falls

LONDON (Reuters) - Gold prices softened in Europe on Monday as the dollar held its ground against a basket of currencies, with trading muted after a major U.S. holiday over the weekend.

"This morning gold has edged lower and is likely to see further jittery trading in the week ahead, as economic data gives further clues to the wellbeing of the global economies," said James Moore, analyst at TheBullionDesk.com, in a note.

"Overall, gold seems comfortable in its recent $925-50 range, but due to limited physical interest and tepid investment demand we still see gold at the most risk to a deeper correction."