Gold prices rose in early trading on Monday despite the easing of tension in the Middle East and amid investors awaiting the inauguration of US President Donald Trump and the clarification of the new administration's policies. Trump's policies on tariffs are expected to increase inflation and ignite trade wars, which may boost demand for safe-haven assets.
The price of gold rose in spot trading by 0.13 percent to $ 2,705.14 an ounce. U.S. gold futures fell 0.03 percent to $2,747.80 an ounce.
Among other precious metals, silver fell in spot trading 0.7 percent to $30.13 an ounce. Palladium fell 0.3 percent to $944.25 an ounce and platinum fell 0.2 percent to $940.05 an ounce.
Source (CNBC Arabia Website, Edited)
