Spot gold edged higher on Monday, supported by short covering after a weekly loss on Friday due to the Federal Reserve's cautious stance on rate cuts in the upcoming year.
Spot gold was up 0.2% to $2,626.44 per ounce, as of 0313 GMT.
On Friday, gold gained on a softer U.S. dollar and Treasury yields when U.S. economic data hinted at a slowdown in inflation.
"I see good support for gold at $2,595 and resistance would be at $2,664," Kedia said.
Spot silver rose 0.7% to $29.72 per ounce and platinum climbed 1% to $935.47, while palladium added 0.2% to $922.31.
Persons:
Ajay Kedia, Mary Daly, Kedia
Organizations:
Kedia Commodities, Treasury, San Francisco Federal
Locations:
Mumbai, U.S, Russian