Gold trades near 6-week low on speculation over less stimulus

Gold traded in New York slightly increase on Monday trading session, however it was traded close to the weakest level in six weeks as investors speculate whether the U.S. Federal Reserve curb stimulus or not and as physical demand for the precious metal may rise as the prices fall. Gold for settlement in June jumped 0.1% to $1,296.10 an ounce as of 7:36 a.m. on the New York's Comex.