Gold prices held above five-month lows on Monday after declining for five consecutive sessions, as investors saddled up for a gathering of central bankers in Jackson Hole, Wyoming, this week for an outlook on the economy and interest rates.
Spot gold rose 0.3% to $1,892.88 per ounce, while US gold futures added 0.3% to $1,921.70.
Gold had dropped to its lowest since mid-March at $1,883.70 last week, as buoyant economic data raised bets for higher-for-longer US interest rates, reducing demand for the non-yielding commodity.
In other metals, spot silver climbed 0.7% to $22.85 per ounce and platinum was up 0.1% at $910.83. Palladium gained 0.2% to $1,258.49.
Source: Qatar News Agency