Spot gold prices held steady on Thursday, after rising to a one-month high in the previous session when Moody's downgrading of Greece and weak US economic data sent some investors to seek a safe-haven in bullion. Spot gold was barely changed at $1,540.50 an ounce by 0605 GMT. It hit $1,550.14 on Wednesday, its highest since May 3.
US gold edged down 0.1 percent to $1,541.60. Spot gold is technically neutral, as signals are conflicting before it moves out of a range of $1,528 to $1,550, said Reuters market analyst Wang Tao.