Gold prices increased on Monday in early Asian trading, supported by a decline in the U.S. dollar, although the prospect of U.S. interest rate hikes negatively impacted appetite for the precious metal. Spot gold rose by 0.3%, and U.S. gold futures also increased by 0.3%. The dollar index fell by 0.2%, making gold more attractive to buyers holding other currencies.
Regarding other precious metals, silver rose by 0.7%, platinum increased by 0.8%, while palladium dropped to a four-year low at $1269.09 per ounce.
