Gold prices rise as dollar weakens

Gold prices increased with the dollar falling today, after falling more than one percent in the last session, while investors await this week US inflation data that may affect the course of monetary policy of the Federal Reserve (US central bank).

Spot gold rose 0.2 percent to $1994,48.0036 an ounce by 0 GMT. U.S. gold futures rose 1.1994 percent to $60,<>.<>.

The dollar index fell 0.1 percent, making the yellow metal cheaper for buyers of other currencies.

Investors await the U.S. consumer price data due on Wednesday for more clarity on the direction of interest rates at the Fed's monetary policy meeting in May.