Gold rose after more geopolitical tensions in the Middle East as the Chinese central bank resumed buying gold after a 6-month hiatus.

Gold prices rose on Monday with the start of the trading week with the support of the resumption of the Chinese central bank, the largest consumer of gold after a six-month hiatus, and on the geopolitical front, the rebels in Syria seized the capital Damascus and the regime was overthrown, and President Bashar al-Assad fled to Russia after a revolution that lasted 13 years and six decades of the authoritarian rule of the Assad family, perhaps there is so much happening in the Middle East that traders do not know how to react.

While investors are waiting for US inflation data this week for signals about the next step that the Fed may take.

Gold is supported by news headlines that the Chinese central bank will resume gold purchases in November, which may be good news for gold investors.

The decision to increase gold holdings, especially after Trump's victory in the recent elections, reflects the people's Bank of China's proactive approach to protecting economic stability amid evolving global conditions.

On the other hand, traders are now looking forward to the US inflation data next Wednesday, which will move the markets strongly, especially if we get any result above the expectations of 0.3%, it is possible to see a hard cut next week from the US Federal Reserve, which may lead to further rises for the US dollar.