Gold prices rose globally, supported by a weaker U.S. dollar, as investors await key labor market data later this week, which could influence expectations regarding the Federal Reserve’s next policy direction. The move comes amid renewed political pressure from President Donald Trump, calling for interest rate cuts.

Spot gold increased by 0.3% to $3,312.25 per ounce, while U.S. gold futures gained 0.5%, reaching $3,323.10. The U.S. dollar index declined by 0.2%, hovering near its lowest level in three years, making bullion more attractive globally for holders of other currencies.

Recent developments highlighted continued White House pressure on monetary authorities, with a memo reportedly sent to Federal Reserve Chair Jerome Powell containing a comparison of global central bank interest rates—such as Japan’s 0.5% and Denmark’s 1.75%—accompanied by handwritten notes advocating policy alignment.

In other globally traded precious metals, silver edged up 0.1% to $36.13 per ounce. Platinum rose by 0.7% to $1,362.35, while palladium advanced 1.2% to $1,110.03.