Gold prices rebounded cautiously in Asia on Monday after weak GDP figures from Japan suggested continued easy monetary policy and as investors looked ahead to Fed minutes later this week for direction.
Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.07% to $1,344.15 a troy ounce.
Silver futures for September delivery rose 0.54% to $19.810 a troy ounce, while copper futures for September delivery gained 0.66% to $2.150 a pound.
Japan reported second quarter GDP with a gain of 0.2% year-on-year, missing the 0.7% rise seen, and a flat quarter-on-quarter pace, below the 0.2% increase expected, with the figures weighed down by sluggish private consumption and net exports.
"There are some positive signs in capital investment but we need to watch the developments because corporate profits are being flat now in light of the appreciation of the yen," a senior Cabinet Office official said after the data.
Consumer spending, which accounts for about 60% of the GDP, rose 0.2% on quarter compared to a 0.1% decline seen, but that did little to lift spirits.
"Private consumption remains largely flat. Our assessment is unchanged," the official said.