Gold prices rose slightly on Monday, recovering some of their losses after a sharp decline last week from record levels that exceeded $4,300 per ounce. This rebound came in the wake of comments from U.S. President Donald Trump that eased trade tensions between the United States and China, prompting investors to shift towards higher-risk assets.
In spot trading, gold increased by 0.4% to reach $4,263.59 per ounce, having dropped about 1.8% on Friday—the largest decline since mid-May.
Despite the significant drop on Friday, gold is still marking its best weekly performance since April, having earlier reached an all-time high of $4,378.69 per ounce.
U.S. gold futures for December delivery gained 1.5% to $4,275.40 per ounce.
Silver in spot trading rose by 0.5% to $52.08 per ounce, following a decline of approximately 4.4% in the previous session—its sharpest decline since early April after hitting an all-time high of $54.47 per ounce.
For other precious metals, platinum fell by 1.1% to $1,591.55 per ounce, while palladium decreased by 0.5% to $1,467.16 per ounce.
