Gold firms as yields pull back, focus on US economic data

COMMODITIES NEWS

Gold firms as yields pull back, focus on US economic data

By Harshit Verma

(Reuters) - Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook.

Spot gold rose 0.3% to $1,919.41 per ounce by 1:45 p.m. EDT (1745 GMT). U.S. gold futures settled 0.4% higher at $1,946.80.

The dollar eased against rivals, making gold less expensive for other currency holders. The benchmark 10-year Treasury yields held below their recent peak. [USD/] [US/]

Read the full article at:  Gold firms as yields pull back, focus on US economic data | Reuters