(Reuters) - 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 curriences.
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.
* The dollar index/ which measures the greenback against a basket of six major currencies, was little-changed at 92.806 and hovered near a two-month low of 92.675 hit on Friday. [USD/]
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* 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.
DATA/EVENT AHEAD (GMT)
1500 U.S. New home sales Oct
1530 U.S. Dallas Fed manufacturing index Nov
(Reporting by Vijaykumar Vedala in Bengaluru; editing by Richard Pullin)