Spot gold rose 0.1% to $2,616.88 per ounce as of 12:47 p.m. ET (1747 GMT). U.S. gold futures settled 0.3% up at $2,635.50. "The current sideways trend appears to be primarily driven by the low liquidity environment," said Zain Vawda, market analyst at MarketPulse by OANDA.