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Gold prices rose on Monday, supported by a weaker dollar and lower oil prices, as investors await key US inflation data this week for clues on the next move in the Federal Reserve's (US Central Bank) monetary policy.
According to Bloomberg, gold rose 0.3 percent in spot transactions to reach $2061.42 per ounce, after hitting its highest level since October 2 earlier today.
US gold futures for December delivery rose 0.3 percent to reach $2074.30.
As for other precious metals, spot silver rose 0.5 percent to $24.16 per ounce, platinum increased 1 percent to $934.70, and palladium rose 1.2 percent to $1061.81.
Meanwhile, the dollar index, which measures the performance of the US currency against a basket of six currencies, fell slightly to 102.16, but remained close to the 18-month high it recorded last week.
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