Gold traded in a tight range on Monday, hovering below a more than one-week peak hit last week, as the dollar firmed and poor U.S. jobs data increased concerns about a slowdown in global economic growth.
As of 0533 GMT, spot gold was down about 0.1 percent at $1,297.35 per ounce, after briefly breaching the $1,300 ceiling for the first time since March 1 in the previous session.
It rose 1 percent on Friday, in its biggest one-day gain since Feb. 19.
U.S. gold futures were down 0.1 percent at $1,297.50 an ounce.
The dollar rose 0.1 percent against major currencies and traded close to a near three-month peak registered in the previous week, making gold costly for holders of other currencies.
"The fall this morning is a temporary occurrence due to some early morning profit taking after Friday's move up. The U.S. dollar is mostly stronger and that is adding some downward pressure on gold," said Jeffrey Halley, a senior market analyst at OANDA.
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