Gold rises in price after falling below $1800

Gold prices rose for the second trading session in a row after a recent drop. The troy ounce rose 0.41% to $1797.70 on Monday night on the Comex exchange. Last week gold prices declined for three days, falling below $1800. Weakening of the dollar exchange rate contributed to the demand growth, which is advantageous for investors, using foreign currency, as it allows purchasing more precious metal. Besides, fears concerning toughening of monetary policy by world central banks continue to remain actual. One of the events focusing investors' attention this week is the publication of corporate reports - IT giants Amazon and Alphabet, UBS bank and others will announce their financial results. In addition, on Wednesday, OPEC+ will hold an online meeting and January eurozone inflation data will be released. On Thursday, the European Central Bank's rate decision will be announced.