Global Gold prices starts week on a high note

Gold prices edged higher on Monday after weak U.S. data raised concerns over a quick economic rebound from the coronavirus-led slump and cemented hopes that lower interest rates would last longer.

Spot gold was up 0.1% at $1,933.78 per ounce by 0531 GMT, after hitting a one-week low of $1,916.24 on Friday. U.S. markets are shut for the Labor Day holiday on Monday.

U.S. gold futures rose 0.3% to $1,939.90.

Elsewhere, silver gained 0.5% at $27.02 per ounce, platinum rose 0.5% to $899 and palladium climbed 0.5% to $2,309.49.