Singapore, February 03 (QNA) - Gold prices rose more than 2% on Monday, rebounding from a sharp sell-off triggered by market reaction to the nomination of Kevin Warsh to head the Federal Reserve.

Spot gold climbed 2.2% to $4,767.33 per ounce, after falling to its lowest level in nearly a month in the previous session. The precious metal had reached a record high of $5,594.82 per ounce last Thursday.

US gold futures for April delivery rose 3% to $4,791.10 per ounce.

Gold recorded strong gains in January, rising nearly 13%, marking its largest monthly increase since November 2009, while silver surged 19% during the same period.

Among other precious metals, spot silver rose 2.8% to $81.61 per ounce, after hitting an all-time high of $121.64 on Thursday.

Spot platinum gained 0.6% to $2,134.10 per ounce, after reaching a record high of $2,918.80 on January 26, while palladium slipped 0.5% to $1,711 per ounce. (QNA)