Gold held steady early on Monday, supported by safe haven buying amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired fired four ballistic missiles into the sea off Japan's northwest coast, days after it promised retaliation over U.S.-South Korean military drills. "We expect gold to trade with a bid tone in early Asia on safe-haven flows, following a series of North Korean missile launches this morning," said Jeffrey Halley, senior market analyst at Oanda.

The dollar also dipped in Asian trading, as investors locked in gains after the greenback's rise last week on growing expectations of a U.S. interest rate hike this month. The dollar index was down 0.2 percent to 101.39. Spot gold was little changed at $1,234.20 per ounce at 0215 GMT. The metal had hit $1,222.51, the lowest since Feb. 15, in the previous session on signals of a hike in U.S. interest rates this month.

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