Online reported that gold prices reversed their decline and rose on Monday due to low-buying and the market focused on trade developments and a series of economic data. Spot gold rose nearly 1% in the U.S. to $3349 an ounce, after falling 1.8%. Daniel Ghali, commodities strategist at TD Securities, said: "We are starting to see initial signs that selling momentum is drying up," adding that the downside risk to gold is extremely limited. "Western investors, especially autonomous traders or macro funds, were completely short of holding their positions in the previous rally in gold prices, so selling activity was limited, and this was reflected in the rise in gold prices."