Gold prices rose, supported by a weaker dollar, following economic data showing lower consumer inflation expectations in the United States, reaching their lowest level since February.
During Monday's trading, gold futures for August delivery rose 0.5%, or $16.40, to $3,374.70 per ounce.
Spot gold rose 0.5%, or $17.37, to $3,367.31 per ounce, as of 9:12 a.m. Mecca time.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.15% to 98.35.
While silver futures for September delivery rose 0.35% to $38.60 an ounce, spot platinum prices rose 0.7% to $1,439.20, and palladium jumped 1.5% to $1,262.94.
Data from the University of Michigan on Friday revealed that US consumers' inflation expectations for the next 12 months fell to 4.4% in July from 5% in June, and their long-term expectations also fell to 3.6% from 4%.
The European Central Bank is expected to hold interest rates at 2% at its meeting next Thursday, after cutting borrowing costs several times in recent months
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