Gold prices rose more than 1% on Monday, helped by a weaker dollar, with investors looking forward to more details on the U.S.-China trade negotiations and the Federal Reserve's policy meeting later this week.

Gold steadied — following a surge of almost 3% on Monday — as investors focused on a weaker dollar, with prospects for potential US trade deals reverberating though currency markets including in Asia.

BENGALURU] Gold prices edged higher on Monday (May 5), helped by a weaker US dollar, while investors awaited more clarity on trade policy between the US and its trading partners, and looked forward to the Federal Reserve’s policy decision due later this week.