Gold prices rose on Monday as yields on U.S. Treasury bonds fell, while investors awaited economic data and comments from U.S. Federal Reserve officials during the week to clarify the time frame for a U.S. interest rate cut.
Spot gold was up 0.2 percent at $2,324.36 an ounce by 0155 GMT. U.S. gold futures were also up 0.2 percent at $2,336.70 an ounce.
The yield on 10-year U.S. Treasury notes fell to 4.2496 percent in the latest trade, making non-interest-bearing gold more attractive to investors.
Traders are awaiting the US personal consumption expenditures price index report, the Fed's preferred measure of inflation, due out on Friday, for further indications on the time frame for the rate cut and the amount of the cut.
Investors are also awaiting comments from US Federal Reserve officials this week.
Among other precious metals, spot silver rose 0.1 percent to $29.55 an ounce. Platinum fell 0.2 percent to $990.30 an ounce. Palladium fell 0.1 percent to $947.50 an ounce.
