Gold was steady on Monday, after posting its biggest weekly gain since early September, as investors await concrete steps to tackle the euro zone debt crisis that could come out of a European Union summit this weekend.
Finance ministers and central bank governors of the Group of 20 major economies said they expected the October 23 summit to "decisively address the current challenges through a comprehensive plan.
Many investors have stayed away from gold given market turbulence in the past few months caused by the deepening euro zone debt crisis, the fight over raising the U.S. debt ceiling and fears that the global economy would plunge into another recession.
Spot gold edged up 0.2 percent to $1,682.39 an ounce by 0320 GMT, after rising around 2.5 percent in the previous week.
