CHICAGO, April 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as U.S. equities fell.
The most active gold contract for June delivery rose 2.6 U.S. dollars, or 0.13 percent, to close at 1,948.2 dollars per ounce.
Investors continued to adjust their positions ahead of the March consumer price index to be released on Tuesday and the producer price index for March due out on Wednesday.
The median one-year inflation expectation rose to 6.6 percent from 6 percent a month earlier in the March consumer survey of consumer expectations released Monday by the Federal Reserve Bank of New York.
Chicago Federal Reserve Bank President Charles Evans told the Detroit Economic Club Monday that a 50 basis-point rate hike is "highly likely" at the upcoming Federal Reserve meeting. But the Federal Reserve should not raise rates so fast that it doesn't have enough time to assess inflation pressures and adjust policy in response, he added.
Silver for May delivery rose 16.4 cents, or 0.66 percent, to close at 24.987 dollars per ounce. Platinum for July delivery rose 2.2 dollars, or 0.23 percent, to close at 977.8 dollars per ounce.