Gold Prices rose on Monday to hit a one-week peak as the U.S. dollar value weakened against its key rival currencies. The dollar value was affected by data that showed U.S. payroll growth slowed down last month, Reuters reported.

Spot gold was trading at $1,296.06 per ounce, gaining 0.4 percent. U.S. futures traded at $1,300.40 per ounce, also posting a 0.4 percent gain, it said.

The value of U.S. dollar fell 0.2 percent against rival currencies, prompting the precious metal to be cheaper for those dealing with other currencies.

Meanwhile, reports continued to show that the current US-China trade talks achieved progress in key issues.

Sources: Reuters, agencies