Ammon News - Gold reversed course and edged higher on Monday, supported by a weaker dollar, after hitting a more than one-month low earlier as easing U.S.-China trade tensions dampened safe-haven demand and bolstered risk appetite.

Spot gold rose 0.5% to $3,290 per ounce, as of 0613 GMT, after hitting its lowest since May 29 earlier in the session.

U.S. gold futures were up 0.4% at $3,301.

"There is less of a 'doom and gloom' outlook surrounding both tariff talks and events in the Middle East, which is relegating gold to play second fiddle to risk assets," KCM Trade Chief Market Analyst Tim Waterer said.

Asian shares firmed, with Wall Street futures advancing, while the U.S. dollar index fell 0.3%. A weaker dollar makes greenback-priced bullion less expensive.

Spot silver rose 0.5% to $36.16 per ounce, platinum firmed 2% to $1,366.63, while palladium was up 1.6% at $1,151.36. Reuters