Gold rose slightly on Monday, supported by a weaker dollar, as investors awaited more clarity on trade policy between the United States and its trading partners and looked forward to the US Federal Reserve's monetary policy decision later in the week.
Spot gold rose 0.2 percent to $3,245.01 an ounce. U.S. gold futures rose 0.3 percent to $3,252.00 an ounce. The U.S. dollar index fell 0.15 percent against rival currencies, increasing the attractiveness of gold for holders of other currencies.
China's Commerce Ministry has said the United States is ready to negotiate tariffs as Beijing welcomes talks.
Source (Al-Khaleej Emirsti Newspaper, Edited)
