Gold hovered near $1,640 an ounce on Monday, after dropping 1 percent in the previous week, as investors waited for data on China's manufacturing activities which may help set the tone for financial markets. FUNDAMENTALS * Spot gold was little changed at $1,641.40 an ounce by 0023 GMT. * U.S. gold traded nearly flat at $1,642.50. * Investors will closely watch the flash China HSBC manufacturing survey at 0230 GMT to gauge the conditions of the world's second-largest economy. * Leading world economies agreed to more than double the lending power of the International Monetary Fund in a bid to protect the global economy ... (full story)