Gold prices remained relatively unchanged on Monday as the dollar stabilized against most major currencies ahead of key payroll data expected later this week.
The precious metal recorded its first monthly loss since February in June, as safe havens came under increasing pressure.
Recent US data indicated that the ISM manufacturing PMI declined to 48.5 in June, down from 48.7 in May, contrary to analysts' expectations of a rise to 49.2.
According to the Fedwatch tool, the probability of a 0.25% Fed interest rate cut in September is at 58.2%.
Markets are now looking forward to Jerome Powell’s speech later this week in Portugal, the Federal Reserve’s meeting minutes, and the US payrolls report.
Meanwhile, the dollar index settled at 105.8 as of 21:19 GMT, with a session high of 105.9 and a low of 105.4.
In trading, spot gold prices stabilized at $2340.20 an ounce as of 21:19 GMT.
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