Gold prices were steady early Monday, as the dollar held close to a two-month low hit in the previous session against a basket of major currencies.
Fundamentals
* Spot gold was nearly unchanged at $1287.67 an ounce at 0045 GMT.
* U.S. gold futures for December delivery were flat at $1,287.20.
* Market players are looking to the Congressional hearing on Fed Chair nominee Jerome Powell on Tuesday.
* With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent.
* The buying of physical gold remained muted across major Asian centres last week as higher prices dented demand, though seasonal demand could boost activity in top consumer China next month.
* Russia is increasing the share of gold in its state reserves to beef up national security, Central Bank First Deputy Governor Sergei Shvetsov said on Friday.
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