Gold prices rose on Monday. Investors are looking forward to a potential cut in interest rates by the Federal Reserve this week, focusing on the central bank's language regarding rate cuts next year

Spot gold was up 0.1% at $2,652.07 per ounce at 0155 GMT. Meanwhile, U.S. gold futures slid 0.2% to $2,670.90. A 25 basis point rate cut this week was fully evaluated by the markets. Non-yielding bullion tends to shine in a low interest rate environment and in times of economic or geopolitical uncertainty. According to Yeap Jun Rong, market strategist at IG, “Over the past month, gold prices have moved away from the $2,720 level at least twice, making it a key resistance that buyers need to overcome to pave the way for further

Silver was stable at $30.54 per ounce, platinum lost 0.3% to $922.05, while palladium gained 0.4% to $956.58.