Gold edged 0.1 percent higher at $1,285.91 an ounce by 0406 GMT,
while U.S. gold futures for December delivery were flat at $1,291.20
per ounce.
The metal surged to its highest since November on Friday when political and security concerns in the United States and Spain jangled investors' nerves and stoked deman.
Asian stocks and the dollar were little changed on Monday.
Gold is highly sensitive to rising U.S. interest rates, as higher rates increase the opportunity cost of holding non-yielding bullion.
Spot gold may retrace towards a support at $1,271 per ounce, as it failed to break a resistance at $1,291.
Among other precious metals, silver was unchanged at $16.93 an ounce, while platinum slipped 0.2 percent to $972.70 an ounce.
The metal surged to its highest since November on Friday when political and security concerns in the United States and Spain jangled investors' nerves and stoked deman.
Asian stocks and the dollar were little changed on Monday.
Gold is highly sensitive to rising U.S. interest rates, as higher rates increase the opportunity cost of holding non-yielding bullion.
Spot gold may retrace towards a support at $1,271 per ounce, as it failed to break a resistance at $1,291.
Among other precious metals, silver was unchanged at $16.93 an ounce, while platinum slipped 0.2 percent to $972.70 an ounce.
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