While investors await economic data and comments from Federal Reserve officials for clarification on the timing of rate cuts, gold prices fell on Monday due to the firm U.S. dollar.

Spot gold was down 0.5% at $2,321.49 per ounce, at 0852 GMT, after rising 1% on Friday. US gold futures fell 0.6% to $2,334.40. According to Tan of Exinity Group, “the precious metal remains supported by persistent hopes of a reorientation of the Fed's monetary policy. Political turmoil in France has also added to the cacophony triggers for lower risks on the global stage

Spot silver fell 1.2% to $29.19 per ounce, platinum fell 0.6% to $951.60, and palladium rose 0.5% to $894.50.