Gold prices rebound in spot trading ahead of Fed chair remarks

Gold prices rose on Monday after falling more than 1 percent in the previous session, as markets awaited remarks from US Federal Reserve Chair Kevin Warsh later this week.

Spot gold climbed 0.5 percent to $4,615.27 per ounce, while US gold futures gained 0.4 percent to $4,669.50.

Among other precious metals, spot silver rose 1 percent to $68.77 per ounce, platinum increased 0.7 percent to $1,842.88, and palladium edged up 0.3 percent to $1,332.34.