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Gold prices rose today amid a decline in the dollar, and investors await imminent US economic data that provides a clearer picture of the path of raising interest rates from the US Central Bank.
Reuters reported that the spot gold price rose 0.2 percent to $1844.59 an ounce, after hitting its lowest level since late December in the previous session.
US gold futures rose 0.2 percent to $1,853.50.
As for other precious metals, the price of silver in spot transactions rose 0.1 percent to $ 21.75 an ounce, platinum rose 0.6 percent to $ 922.29, and palladium increased 0.5 percent to $ 1505.44.
The dollar index is down slightly today from its highest level in more than a month hit on Friday, making US dollar-denominated bullion more attractive to buyers holding other currencies.
Financial markets now expect the Federal Reserve to raise interest rates to just under 5.3 percent by July.
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