Gold prices rose as the dollar and Treasury yields fell from recent highs ahead of important U.S. inflation and employment data this week that might define the future for interest rates.
Spot gold XAU= had risen 0.3% to $1,924.84 per ounce, close to its best level since Aug. 10, achieved on Monday. Gold futures in the United States (GCcv1) rose 0.3% to $1,952.90.
The dollar index fell 0.2% versus a basket of key currencies, while benchmark 10-year Treasury rates fell further from their highest levels since 2007 last week.
A weakened dollar makes gold, which pays no interest, less expensive for holders of other currencies.
The world’s largest gold-backed exchange-traded fund, SPDR Gold Trust GLD, reported a 0.3% increase in holdings to 886.64 metric tons on Monday.
Spot silver XAG= rose 0.3% to $24.32 per ounce, while platinum XPT= rose 0.2% to $966.11 after opening at its highest level in a month. Palladium XPD is down 0.8% to $1,244.32 per ounce.
