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Gold held steady on Monday, kept in check by a strong dollar as investors dialled back bets for further Federal Reserve rate cuts in the near term, while easing U.S.-China trade tensions also crimped bullion demand.

Spot gold was flat at $4,000.65 per ounce, as of 0504 GMT. U.S. gold futures for December delivery rose 0.4% to $4,010 per ounce.

Prices have retreated about 9% from a record high of $4,381.21 hit on October 20, as the dollar climbed to a near three-month high.

"There's a lack of upside momentum (in gold) due to some technical factors and the dollar remains pretty resilient, so that has a negative impact on gold," OANDA senior market analyst Kelvin Wong said.

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The Fed cut interest rates by 25 basis p

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