On Monday, gold prices marginally increased after suffering significant losses the previous week, while copper prices barely changed ahead of a spate of important Chinese and American economic data in the coming days.

Spot gold edged up 0.1% to $1,945.03 per ounce, while gold futures ticked up 0.2% to $1,979.60 per ounce.

Gold prices have recently been affected by rising U.S. Treasury yields as well as a strengthening dollar. These factors were brought on by worries about rising interest rates and a downgrading of the U.S. credit rating.

Even though the nonfarm payrolls statistics were worse than predicted on Friday, the yellow metal nevertheless completed the week around 1% lower, which was its worst performance in more than a month.

Metal markets were now firmly focused on the upcoming U.S. consumer price index inflation data, which is scheduled for release on Thursday.

After a dramatic decrease in June, inflation is anticipated to have crept up again, which could raise expectations for future interest rate increases from the Federal Reserve.