Gold rebounded from a five-week low as conflicting US data clouded the outlook for higher interest rates before Federal Reserve policy makers meet this week.

Gold rose as much as 0.4 per cent to $1,183.83 an ounce in London, prices fell to $1,175.35 on Friday, the lowest level since March 20.

Silver climbed by one per cent to $15.89 an ounce, while platinum was little changed at $1,123.50 an ounce.

While the Fed has ruled out raising rates when it meets this week, policy makers have left the door open for June.

Higher rates hurt the allure of gold, which usually only provides a return if prices rise.

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