Prices of safe haven yellow metal gold are seen to advance this week on positive forecast developments from the U.S. manufacturing sector.

As of 10:37 a.m. in Singapore, spot gold was at $1,599.03 an ounce from $1,597.10 on Monday.

The market is currently awaiting the release of the latest manufacturing data from the U.S.

"Gold lacks direction, but sees a stronger quarter ahead as spotlight returns to the U.S. economy," investment analyst Lynette Tan said in Bloomberg News. "Gold prices have been sensitive to signs of economic weakness, which tend to increase the likelihood of monetary easing by the Federal Reserve."

In June, the U.S. manufacturing sector dropped to 49.7 from 53.5 in May. The development helped the dollar rally against a six-currency basket that included the euro.

The common currency likewise dropped on Tuesday as unemployment in the eurozone touched its highest record yet in May, further pushing concerns and anxieties the debt crisis is getting worse.