Gold prices steadied in Asia in the early hours of Monday, supported by data showing a decline in inflation in the United States, which raised hopes that the US Federal Reserve will start cutting interest rates this year.
Spot gold was little changed at $2,323.74 an ounce by 0022 GMT. Prices have jumped more than 4 percent in the second quarter.
US gold futures fell 0.3 percent to $2,333.
Data on Friday showed U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could bring the U.S. central bank closer to starting to cut interest rates this year.
Lower interest rates reduce the opportunity cost of holding the non-yielding metal.
Among other precious metals, spot silver fell 0.3 percent to $29.05 an ounce, platinum was flat at $993.60, and palladium rose 0.2 percent to $974.50.
