Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as U.S. equities rallied over strong jobs data.

The most active gold contract for August delivery went down 2.00 dollars, or 0.15 percent, to settle at 1297.30 dollars per ounce.

According to the Bureau of Labor Statistics, the U.S. economy continued to add jobs in May, with unemployment rate falling to an 18-year low of 3.8 percent.

The strong jobs data sent U.S. equities higher on Monday. The Dow Jones Industrial Average was up 187.20 points, or 0.76 percent to 24,822.41 points as of 1646 GMT. The S&P 500 and Nasdaq followed Dow's rally.

When equities post sharp gains, the precious metal usually goes down, as investors are not necessarily looking for a safe haven.

Additional pressure came from the benchmark 10-year U.S. Treasury yields, which rose to 2.944 on Monday.

However, the U.S. dollar index, a measure of the greenback against a basket of other major currencies, retreated 0.10 percent to 94.10 as of 1636 GMT, curbing the fall of gold.

As for other precious metals, silver for July delivery went down 1 cent, or 0.06 percent, to settle at 16.431 dollars per ounce. Platinum for July was down 3.2 dollars, or 0.35 percent, to close at 903.50 dollars per ounce.