Bullion prices remained steady near $930 an ounce in early Asian trade Monday mainly on lack of directions from influential factors globally.
U.S. gold futures for June delivery GCM9 were at $930.70 per ounce at 11.00 a.m Singapore time, compared with $931.30 an ounce on the COMEX division of the New York Mercantile Exchange on Friday.
On Friday, gold closed at $930.70 an ounce, highest in six weeks after data showed U.S. core inflation in April rose more than expected.
US economic data on Friday offered some evidence that the recession's worst phase may be over, with April consumer price unchanged and industrial output declining at a slower pace than in March.
The dollar and yen rose on Monday as worries persisted about global economic prospects, triggering stock losses and prompting investors to seek shelter in the yen in particular.
Gold often moves in the opposite direction to the US dollar. A fall in the dollar makes it less expensive for holders of other currencies to buy the metal.
Investors were not in a hurry to invest more money into gold, keeping holdings at the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, unchanged at 1105.62 tones as of May 15.
