Spot gold saw a surge on Monday, fueled by the intensifying situation in the Middle East and concerns over the liquidation of China's Evergrande Group, which further cemented its position as a safe-haven asset.。

Three US servicemen were killed in a US drone strike, raising military tensions in northeastern Jordan。

At the same time, risk aversion in the market has been boosted by a court order to liquidate China Evergrande Group。

However, the space for gold to rise may be constrained by the Federal Reserve's decision in January, with the 30th to 31st policy meetings coming up.。The Fed is widely expected to leave interest rates unchanged, while investors will focus on Fed Chair Jerome Powell's remarks for clues about future interest rate policy。

According to LSEG's IRPR app, the market expects the Fed to cut interest rates five times this year by 25 basis points each, which reduces the opportunity cost of holding gold.。

Spot gold up 0 as of Monday 8: 16 GMT.68%, trading at 2,032 troy ounces.36美元。

In the futures market, both gold and silver futures performed strongly, with silver futures up 0 in April..70%, to close at 2050 troy ounces.$35, while March silver futures rose 1.14%, at 23 troy ounces.133 USD。

Meanwhile, the dollar index edged up 0.04% to 103.515, reflecting the dollar's relative strength against a basket of six other major currencies。This situation also affects the short-term movement of gold and silver prices.。