Gold rises marginally amid geopolitical concerns in global markets

Gold rose slightly on Monday's trading amid rising geopolitical concerns in global markets and close focus on the US administration's decisions on Iran sanctions, in addition to the dollar drop.

The White House has announced the suspension of waivers for Iranian oil importers, which means further pressure on Tehran's oil exports.

The US Secretary of State, Mike Pompeo, stated that Trump's admiration aims to stop Iran's oil exports to zero.

In a related context, the dollar index (against a number of major currencies) fell by 0.1% to 97.2 points at 18:56 GMT, reaching a high of 97.4 points and a low of 97.2 points.

Gold futures (June delivery) rose 0.1%, or $1.60, to close at $1277.6 an ounce. The precious metal hit a session high of $1281.9 and a low of $1275.7.

Gold posted 1.5% losses last week as it saw quiet trading today due to a number of global markets closing on the Easter Holiday.