As investors await inflation data expected later in the week that could influence the Federal Reserve's interest rate trajectory, the price of gold rose slightly on Monday with the fall in U.S. Treasury yields.

Spot gold was up 0.4% at $2,330.56 per ounce at 8:34am GMT, after falling 1% on Friday due to a stronger dollar. US gold futures rose 0.5% to $2,343.30. 10-year US Treasury yields fell slightly, making yield-less bullion more attractive to investors

Among other precious metals, spot silver rose 0.5% to $29.68 per ounce and platinum gained 0.6% to $998.35 per ounce. Palladium rose 4.6% to $992.53. During the previous session, prices hit a one-month high and briefly surpassed the key level of $1,000 per troy ounce in volatile trading, with some investors hedging their short positions and the market being tight for nearby physical supplies