Gold price rises on dollar weakness, focus on US data ahead

Gold prices inched higher on Monday as support from a weaker dollar overshadowed improved risk appetite, while investors await US jobs data due this week to gauge their next moves.

Spot gold rose 0.4% at $3,287.10 per ounce by 10:45 a.m. ET, having fallen to a one-month low of $3,248.42 earlier in the session.

US gold futures also registered a 0.4% gain, trading at $3,300.80 per ounce in New York.

Meanwhile, the US dollar index hovered near its lowest level since March 2022...