Gold held steady on Monday as the dollar eased and investors sought clarity on the fine print of the "phase one" US-China trade deal, offsetting strong gains in the equities markets.
Spot gold was little changed at $1,476.19 per ounce by 01:35 p.m. ET (1835 GMT). Prices gained 1.1% last week as the world's two largest economies negotiated ahead of another potential round of tariffs. US gold futures settled mostly unchanged at $1,480.50 per ounce.
"This (trade deal) does not mean things get fundamentally better; it essentially means they're not going to get any deeper into a slowdown. ... There still are risks down the road," said Bart Melek, head of commodity strategies at TD Securities.
Palladium jumped 2.4% to $1,977.28 an ounce after hitting a fresh record high of $1,991.38.
Platinum edged 0.1% higher to $928.93, while silver gained 0.7% to $17.05.
While palladium's bull run has been underpinned by a structural deficit, platinum has been in a surplus, Wall Street bank Goldman Sachs said in a note.
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