Gold prices built on last week's advance early Monday during what was shaping up to be a quiet session as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve's June policy meeting on Wednesday.

Gold futures for August delivery gained 20 cents, or nearly 0.1%, to $1,977.50 per ounce on Comex. Silver futures for July delivery fell by 11 cents, or 0.5%, to $24.30 per ounce.

Palladium for September delivery gained $10.20, or 0.8%, to $1,315 per ounce, while July platinum fell by $9.30, or 0.9%, to $1,003.50. Copper for July delivery declined by 3 cents, or 0.7%,to $3.76 per pound.

Gold traders are anticipating that the Federal Reserve will leave interest rates on hold after the conclusion of its June policy meeting on Wednesday. However, a hot Tuesday inflation report could push the central bank toward a surprise hike following Friday's hotter-than-expected monthly U.S. jobs data.

Source : Marketwatch