Gold prices rose on Monday as investors await U.S. inflation data forecast for this week for clues about upcoming Federal Reserve monetary policy measures.

US gold futures rose 0.3% to $2,666.80. Spot gold was up 0.5% at $2,644.91 per ounce at 0238 GMT. The ingot fell by almost 1% last week. According to Yeap Jun Rong, market strategist at IG, gold is supported by headlines that the Chinese central bank is back buying gold in November, which could be “good news for gold bulls” knowing that they have the People's Bank of China (PBOC) behind them to support some strength for bullion prices. Gold is often considered a safe haven in times of economic or political uncertainty.

Spot silver gained 0.4% to $31.08 per ounce, platinum rose 0.5% to $934.75, and palladium added 0.7% to $963.00.