Spot gold was flat at $1,291.51 per ounce by 0644 GMT. U.S. gold futures for August delivery were down 0.1 percent at $1,295.60 per ounce.
· "There is lack of interest in gold. It is more interesting for equities and people are making profit there, so nobody wants to trade in gold for the time being," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
· The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent at 94.067. The U.S. dollar rose to 110 yen, the highest since May 24.
· "The recent strength in the U.S. dollar amid positive economic data has kept investor demand (for gold) subdued," ANZ said in a note.
· The stronger-than-expected U.S. jobs data released on Friday, fuelled expectations that the Federal Reserve would raise interest rates at its policy meeting starting on June 12.
· "Gold prices are moving in a very tight range. The upside will be between $1,297-$1,298 as the market seems to be waiting for U.S. and North Korean leaders to meet and for the U.S. interest rates to go up, which is all happening next week," Leung added.
· Spot gold is still targeting the May 21 low of $1,281.76 per ounce, as its bounce from this level has completed, according to Reuters technical analyst Wang Tao.
· North Korean leader Kim Jong Un is preparing for a high-stakes summit with U.S. President Donald Trump in Singapore on June 12.
· Meanwhile, concerns about global trade lingered following United States imposing metal tariffs on Mexico, Canada and the European Union last week.
"The tariff picture continues to remain quite unsettled, but somewhat surprisingly, is not causing much angst for the various markets ... For now, we remain in a wait-and-see mode on gold, as investors mull which way to take the complex," INTL FCStone analyst Edward Meir said in a note.
· In other precious markets, silver rose 0.1 percent to $16.38 an ounce. Platinum fell 0.5 percent at $896 an ounce. It earlier hit a low of $891.25, the lowest since May 21. Palladium was 0.7 percent lower at $986.47 per ounce. The metal rose to a six-week high of $1,010.50 in the previous session.
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