The cost of gold on Monday overcame $1800 per troy ounce. Drivers were the weakening of the dollar and the upcoming release of statistics on inflation in the United States, which is expected on Wednesday, writes Reuters. The precious metal gained 0.71% in the evening and traded at $1,803.85 on the Comex exchange.

Demand for gold was also spurred by a drop in yields on U.S. Treasuries with varying maturities. Exinity's lead analyst Han Tan noted that the index ended the previous week on the rise after the release of nonfarm payrolls data.

The $1800 mark was reached by the precious metal last Thursday for the first time since late June. It should be noted that demand for it grew last week in China amid a conflict with the U.S. over Taiwan, Prime news agency wrote. The premium on the Shanghai exchange reached $11. Nevertheless, Citi Bank believes that the decline in Chinese GDP growth may have a negative impact on demand.