Gold prices edged higher on a weaker dollar on Monday as investors awaited upcoming U.S. economic data to chart out the path of future interest rate hikes from the Federal Reserve.

Spot gold rose 0.2% to $1,844.59 per ounce by 1135 GMT, after falling to its lowest since late December in the previous session. U.S. gold futures rose 0.2% to $1,853.50.

"We still look for higher prices over the coming quarters, but near term, I think gold will stay volatile until U.S. economic data indicates a slowdown in economic activity," said UBS analyst Giovanni Staunovo.

Economic data last week showed signs of a resilient U.S. economy and a tight labour market, sparking concerns that the Fed would keep interest rates higher for longer.

Investor attention will be on the release of the Federal Open Market Committee's (FOMC) January meeting minutes - which occurred prior to the month's bumper payrolls and retail sales reports - and U.S. GDP data.

Several Fed officials last week signalled that more rate hikes were needed to bring inflation down to the central bank's 2% target. "Further dollar-led weakness could see gold target support in the $1,792 to $1,776 area with resistance at $1,872," Saxo Bank analyst Ole Hansen said in a note.

The dollar index was slightly lower on the day from its over-month high on Friday, making greenback-priced bullion more attractive for buyers holding other currencies.

Markets expect the Fed funds rate to peak just under 5.3% by July, with analysts seeing the dollar having run its course for now.

Benchmark Treasury yields reached their highest in over three months on Friday as well.

Higher interest rates discourage investment in non-yielding gold, although it is considered a hedge against soaring prices.

Spot silver rose 0.1% to $21.75 per ounce, platinum gained 0.6% to $922.29 while palladium was up 0.5% to $1,505.44.

Liquidity is expected to be thin on Monday, with U.S. markets closed for Presidents' Day.

(Reporting by Seher Dareen in Bengaluru; Editing by Janane Venkatraman)