Monday saw a little increase in gold prices as investors anticipated U.S. inflation data following Fed hawkish stance the previous week, which sent bullion to a more than three-week low.

Spot gold edged up by 0.1% at $1,939.19 per ounce meanwhile gold futures advanced by 0.3% to $1,943.40 per ounce.

A survey released on Friday revealed that household expectations for inflation increased again while U.S. consumer mood declined for the fourth consecutive month in November.

Eyes this week will be on US consumer price index (CPI) data, which is scheduled for release on Tuesday and may have an impact on the Fed's view for interest rates.

According to a Reuters survey, the core CPI is predicted to have increased 0.3% month over month and 4.1% year over year in October. The two projected gains are the same as those from September.

Owing to a significant festival, gold demand increased in India last week; nevertheless, preliminary estimates indicated that sales were somewhat down from the previous year as some consumers were turned off by the higher prices.