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Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's interest rate stance.
Spot gold
GOLD
rose 0.2% to $2,643.69 per ounce by 0229 GMT. U.S. gold futures
GOLD
climbed 0.1% to $2,656.80.
"A subdued start to the week by the U.S. dollar is helping gold to eke out some gains," said Tim Waterer, chief market analyst at KCM Trade.
Spot gold
GOLD
rose 0.2% to $2,643.69 per ounce by 0229 GMT. U.S. gold futures
GOLD
climbed 0.1% to $2,656.80.
"A subdued start to the week by the U.S. dollar is helping gold to eke out some gains," said Tim Waterer, chief market analyst at KCM Trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.