Precious metals were higher on Monday, with gold up 0.6% and silver climbing more than 1% as the dollar fell to three-year lows against its major rivals.
Spot gold rose 0.67% to $1,343.90 per troy ounce, while silver gained 1.39% to $17.38/oz and palladium climbed 1.96% to $1,217.05/oz.
Precious metals priced in US dollars tend to outperform when the American currency weakens as they are cheaper to buy in rival currencies.
On Monday, the dollar index, a measure of the US currency's relative strength versus a basket of its six main rivals, fell to a three-year low - with the euro showing particular strength.
"Given that the euro holds the most weight in the dollar index, constituting about 57% of the weight, the single currency movement, spurred by political and monetary policy developments, is dictating the dollar index’s direction," said Hussein Sayed, chief market strategist at FXTM.