Spot gold was nearly unchanged at $1,292.96 per ounce by 0340 GMT, after hitting its lowest since May 23 at $1,289.12 in the previous session.
U.S. gold futures for August delivery were down 0.2 percent at $1,297.20 per ounce.
• Better-than-expected U.S. economic data released on Friday is weighing on prices, said ANZ analyst Daniel Hynes.
"Some of the risks on the geo-political front are easing slightly... It is going to be very difficult for gold to really push higher from here," Hynes said.
• "It's very common for gold to trade defensive ahead of a Fed rate hike, but with geopolitical risk premium deflating, these narratives should provide a challenge to gold's ambitions this week," said Stephen Innes, APAC trading head at OANDA.
• Meanwhile, speculators raised their net long position in COMEX gold contracts to the strongest since late April in the week to May 29, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.
Dealers raised their net long position in COMEX gold by 33,708 contracts to 61,235, the data showed.
• In other precious metals, spot silver was 0.1 percent higher at $16.37 an ounce, while platinum was nearly unchanged at $899.50 an ounce.
Palladium rose 0.5 percent to $1,004 per ounce. Earlier in the session, it touched its highest in over three weeks at $1,007.50.
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