Answer:
Metal or bone I may be, many teeth I have and always bared. Yet my bite harms no one. And ladies delight in my touch.
I wear a red robe, with staff in hand, and a stone in my throat.
A tree with 5 branches, no leaves and no fruits
I can run but not walk. Wherever I go, thought follows close behind.
Sleeping during the day, I hide away. Watchful through the night, I open at dawn's light. But only for the briefest time, do I shine. And then I hide away. And sleep through the day.
What is lighter than what it is made of?