LONDON—Trading in spot gold was quiet, restrained by the holiday in the U.S.
Market participants reported buying in Asia overnight as physical buyers took advantage of last week's $40 drop in prices. Recently, gold was off $1.50, or 0.1%, at $1,209.80.
"We are probably going to find it is a quiet day in all commodities," said BNP Paribas analyst Anne-Laure Tremblay.
Silver traded down six cents, or 0.3%, at $17.81 an ounce. Platinum was at $1,507, up 0.5%, and palladium was at $429, down 0.5%.
The Bullion Desk analyst James Moore noted platinum was up on the back of a more positive economic tone in Asia Monday. He said increasing auto sales data, particularly from China, "paints a supportive fundamental picture," although there could be some short-term pressure on prices.
