The price of gold rose weakly Monday morning, trading data show. Investors are waiting for signals on further U.S. Federal Reserve (Fed) policy on the discount rate, which may be contained in the minutes of the February meeting.

The price of April gold futures on the New York Comex Exchange rose by $3.05, or 0.16%, to $1,853.25 per troy ounce. March silver futures rose 0.45% to $21.812 an ounce.