Gold prices edged higher on Monday, recovering some losses after a sharp decline last week from record levels above $4,300 per ounce.
According to Bloomberg, spot gold rose 0.4% to $4,263.59 per ounce, following a 1.8% drop on Friday, which was the largest decline since mid-May.
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Other precious metals also saw mixed movements: platinum fell 1.1% to $1,591.55 per ounce, while palladium declined 0.5% to $1,467.16 per ounce.
Meanwhile, oil prices declined, pressured by concerns over global supply glut. Escalating U.S.-China trade tensions added to worries about a slowing economy and weaker energy demand.
Brent crude futures fell 24 cents to $61.05 per barrel, while U.S. West Texas Intermediate (WTI) futures dropped 21 cents to $57.33, erasing gains recorded on Friday.
