Siena:Gold prices increased on Monday as the US dollar weakened and oil prices fell, with investors anticipating key US inflation data expected later this week to provide insights into the Federal Reserve's interest rate strategy.

According to Qatar News Agency, spot gold rose by 0.3% to $4,206.01 an ounce, reaching its highest point since October 2 earlier in the session. US gold futures for December delivery also saw a 0.3% increase, reaching $4,230.40 an ounce.

In the realm of other precious metals, spot silver experienced a 0.5% increase to $61.12 an ounce. Additionally, platinum saw a 1% rise to $1,704.70, while palladium climbed 1.2% to $1,161.81 an ounce.