Gold prices pushed up from the four-month low reached in recent sessions, in part as oil gains lifted the specter of inflation risk, against which gold can act as a hedge, and as stock futures pointed to a lower start for riskier assets.
A firmer dollar was limiting the metal’s upside, however.
Gold for June delivery rose $5.30, or 0.4%, at $1,281.30 an ounce early Monday. It settled Thursday at $1,276, the lowest finish for a most-active contract since Dec. 26, according to FactSet data.
In other metals trading, May silver added less than 1 cent, or 0.4%, at $15.015 an ounce, after logging a weekly loss of less than 0.1%.