Gold Firms on China Central Bank Resuming Gold Purchases After 6-Month Pause

GOLD - JAKARTA. Gold prices gained on Monday, with support from top consumer China's central bank resuming gold purchases after a six-month hiatus, while investors awaited U.S. inflation data this week for cues into the Federal Reserve's next move.

Spot gold gained 0.3% at $2,639.98 per ounce, as of 0541 GMT. U.S. gold futures added 0.1% to $2,661.70.