Siena:Gold prices experienced an increase on Monday, driven by a weaker US dollar and decreasing oil prices, as investors anticipate crucial US inflation data expected later this week for insights on the Federal Reserve's interest-rate decisions.

According to Qatar News Agency, spot gold increased by 0.3% to reach $4,206.01 an ounce, after previously hitting its highest point since October 2 earlier in the session. US gold futures for December delivery saw a similar rise, advancing by 0.3% to $4,230.40 an ounce.

Other precious metals also saw gains, with spot silver climbing 0.5% to $61.12 an ounce. Platinum increased by 1% to $1,704.70, and palladium rose by 1.2% to $1,161.81 an ounce.