Gold prices closed higher on Monday, driven by technical buying interest following a period of recent declines.
The precious metal joined a broad-based rally across the metals complex, with industrial benchmarks also posting gains on the Comex and London Metal Exchange.
The advance in gold reflects a continuation of the recovery seen late last week, as investors rotated into safe-haven assets amid a weakening US dollar and falling Treasury yields.
The technical rebound suggests that selling pressure has eased, allowing buyers to step in at lower levels.
Industrial metals, led by copper, rose on growing optimism that initial diplomatic talks between the United States and Iran could pave the way for a broader agreement.
The prospect of reduced geopolitical tension in the Middle East has bolstered risk sentiment, supporting demand for commodities tied to global growth expectations.