Gold prices rose 1 percent on Monday, reversing a decline in the previous session, after the leaders of France and Germany promised to unveil new steps by the end of the month to resolve the euro zone's debt crisis, spurring commodities and equities.
Spot gold rose nearly 1 percent to $1,653.64 an ounce, before trimming some gains to $1,651.25 to by 0218 GMT.
The precious metal gained 0.9 percent last week, snapping four weeks of consecutive losses -- its longest losing streak since January.
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