Gold goes up in price over falling stocks
Gold spot price rose 0.81% to US$1,708.29 per troy ounce on 18:00 SGT.
Gold fell last Friday to US$1,670.14 per ounce, the lowest level in more than a month after a surprise increase in U.S. employment, suggesting a recovery.
Traders are not considering negative interest rates in the U.S. and are now focusing on the Fed's monetary policy meeting for guidance on how the world's largest economy can recover from the coronavirus.
Meanwhile, palladium fell by 2.9% to US$1,963.99 per ounce and silver by 1.43% to US$17.60 per ounce. Platinum fell by 1.11% to US$823.42.