some big speculators cut their bullish bets on U.S. commodities, taking aim particularly at gold, which has lost some of its lustre this year, data released on Friday showed.
A raft of business surveys this week will be studied for confirmation of hopes that a dire fourth quarter of 2012 marked a cyclical trough for the world economy.
In other precious metals, spot platinum was up 0.2 percent to $1,680.75 an ounce after declining to a two-week low of $1,668 in the previous session. Palladium was down 0.2 percent at $754.75, well below the $775 hit on Wednesday, its best since September 2011.
Spot silver rose 0.4 percent to $29.95 an ounce, having fallen to a six-week low of $29.65 on Friday.
Silver net long positions on Comex fell by 28.7 million ounces to 242.5 million ounces in the week to Feb. 12, according to the latest Commitment of Traders data.