Gold and silver extend gains as dollar dips

Investors await monthly reports on US employment and consumer prices this week

Gold and silver extended gains on Monday, with the yellow metal trading just above $5,000 per ounce as the dollar dipped, while investors awaited key US jobs and inflation data due later in the week to gauge the interest rate trajectory.

Gold and silver extended gains on Monday, with the yellow metal trading just above $5,000 per ounce as the dollar dipped, while investors awaited key US jobs and inflation data due later in the week to gauge the interest rate trajectory.

Spot gold rose 0.9% to $5,004.61 per ounce by 7.58am Irish time on Monday after a 4% climb on Friday. US gold futures GCv1 for April delivery gained 1% to $5,026.30 per ounce.