Gold prices rose on Monday, extending gains for the second straight day, on strong safe-haven demand after the US consumer prices jumped to historical levels in November.

Gold prices rose 0.3% to $1,788.20 an ounce, after opening at $1,782.99, and hit a day high at $1,781.72.

Gold closed higher by 0.4% on Friday, the first daily gain in 3 days, after US inflation data.

Consumer prices rose 6.8% in November, the fastest such rate since 1982, triggering bets surrounding the Fed's meeting this week.

The global markets are anticipating a plethora of global central banks meetings, led by the US, Europe, the UK and Japan, in order to gather more cues about the future of global monetary policy.

Gold stocks at the SPDR ETF remained unchanged on Friday, with the total at the lowest level since last November 17 of 982.64 metric tonnes.

Euro fell in European trade against dollar as the greenback attracts haven demand amid bets the Federal Reserve might end the bonds purchases program sooner than the June 2022 deadline.

EUR/USD fell 0.3% to 1.1280, with an intraday high at 1.1319, an an opening at 1.1311.

EUR/USD rose 0.2% last Friday after losing 0.4% the previous day as Omicron's concerns fade.

The dollar index rose 0.3% on Monday against a basket of major rivals after historic US inflation data.

Consumer prices rose 6.8% in November, the fastest such rate since 1982, triggering bets surrounding the Fed's meeting this week.

The data bolstered expectations the Fed will cut the bonds purchases program much earlier than expected, opening the door for hiking interest rates in the first half of next year.

Baker Hughes Co. reported today that the number of US oil rigs rose by 4 to 471 rigs this week.

The number of natural gas rigs rose 3 to 105 rigs, with the total number of natural gas and oil at 576 rigs.

Oil prices rose on Friday, but pared some of the early gains after the US inflation data, despite the US dollar's turn lower against most of its peers.

A medical study showed that Omicron is 4.2 times more transmissible than the delta variant.

The US consumer price index rose by 0.8% in November after rising by 0.9% in October, higher than forecasts of a rise by 0.7%.

The year-on-year reading rose to 6.8% in November, the highest level since June 1982.

The dollar index fell against a basket of major currencies by 0.2% to 96.03 points as of 18:42 GMT, after hitting a high of 96.4 points and a low of 95.9 points.

Baker Hughes reported that the number of US oil rigs rose by 4 to 471 rigs this week.

As of 18:35 GMT, WTI January futures rose 0.5% to $71.3 a barrel.

Brent February futures rose 0.5% to $74.7 a barrel.