Gold prices jumped about 1.3 per cent as the dollar retreated further after US retail sales data were unexpectedly flat in July.
Friday’s unchanged reading for last month suggested consumer spending was cooling after the second quarter’s brisk 4.2pc rate of increase.
Spot gold rose to a session high of $1,355.80 an ounce and was up 1pc at $1,352.11 by 1330 GMT.
Spot silver gained 0.2pc to $20.15 an ounce.
