Investing.com - Gold prices rose on Monday in early Asia with the focus on safe haven demand.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery added 0.18% to $1,188.30 a troy ounce.

Last week, gold futures ended slightly higher on Friday, as investors returned to the market to seek cheap valuations after prices hit a one-month low earlier in the session.

Despite Friday's modest gains, gold declined $8.70, or 0.76%, on the week, the third consecutive weekly loss.

Also on the Comex, silver futures for March delivery rose 0.95% to $15.918 a troy ounce. Elsewhere in metals trading, copper for March delivery gained 0.22% to $2.822 a pound.

In the week ahead, investors will be turning their attention to Friday’s U.S. nonfarm payrolls report for further indications on the strength of the recovery in the labor market. Wednesday’s Federal Reserve meeting minutes will be also closely watched.