Gold prices held steady on Monday, with investors looking ahead to a clutch of speeches from U.S. Federal Reserve officials later in the week for clues on the timing of possible interest rate hikes.
Spot gold had inched down 0.1 percent to $1,233.61 per ounce by 0538 GMT, while U.S. gold futures fell 0.4 percent to $1,234.8.
"We expect muted trading to start the week in Asia with a U.S. holiday today, although a break in gold of $1,231 may flush away some nervous long positions," said Jeffrey Halley, senior market analyst at OANDA.
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