At the beginning of the trading session in Asia, gold prices slightly rose amid a weaker US dollar.

In early Asian trading, the price of gold rose slightly as the US dollar weakened, making this precious metal cheaper for holders of non-dollar currencies. Additionally, US President Trump stated that Iran's "suitable candidate" still hopes to reach a US-Iran agreement after talks held in Pakistan last weekend failed to reach an agreement. Spot gold rose 0.3% to $4,757.04 per ounce. Exness' Inki Cho stated in an email, "Any sign of diplomatic progress could help alleviate inflation concerns and support the recovery of gold prices." The financial market strategist added, "The direction of gold prices will continue to be closely related to the developments in the Middle East situation and their impact on energy prices and inflation expectations."