Gold edged higher on Monday, regaining some ground after a retreat in the previous session and ahead of inflation data this week that could provide clues on the outlook for U.S. interest rates.
Spot gold rose 0.2% to $2,021.37 per ounce by 3:15 p.m. ET (1915 GMT). U.S. gold futures settled up 0.4% at $2,033.20.
“Markets are really just discounting the aftermath of last Friday’s payrolls report,” Daniel Ghali, commodity strategist at TD Securities, said, referring to a selloff that has left prices nearly 3% below near record levels reached last week before the data.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.