Gold jumped on Monday, June 12 as Asian stocks fell and the dollar eased ahead of a US Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year.
Spot gold was up 0.1 percent at $1,267.49 an ounce as of 0411 GMT, after shedding 1 percent in its biggest one-day percentage decline since May 18 in the previous session.
US gold futures for August delivery fell 0.2 percent to $1,269.50. In the wider markets, Asian stocks edged lower in early trade on Monday following a slide by US technology shares.
Among other metals, spot palladium fell 0.7 percent to $884.49 per ounce after hitting a 16-year high on Friday. Silver was flat at $17.16 per ounce, while platinum rose 0.3 percent to $936.45 per ounce.
Meanwhile, the price of 24k gold in Dubai is Dh153.50 and can be purchased at 22k variant at Dh144.25.
