Gold prices rose on Monday, buoyed up by increased investor demand for safe haven assets as oil prices tumbled after a weekend meeting of major producers ended without an agreement on curtailing production.
U.S. gold futures for June delivery were up 0.34% at $1,238.6 an ounce by 0945 GMT.

Gold prices posted their strongest quarterly gains in 30 years in the first three months of 2016 as global growth concerns and investor uneasiness about negative-interest-rate policies in Japan and Europe bolstered investor appetite for bullion and other safe haven assets, including the yen.

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