Gold prices advanced during the Asian trading session.

Spot gold climbed 1.0% to $4,093.89 per ounce. The downward pressure on the metal may have eased as oil prices retreated, bond yields edged lower, and the US dollar weakened. The US and Iran also observed a ceasefire over the weekend, potentially contributing to the decline in oil prices. Lower oil prices could help curb global inflation pressures, thereby alleviating concerns over tighter monetary policy. A higher interest rate environment typically weighs on non-yielding assets like gold.