Gold futures settled higher Monday, starting August on an upbeat note for the precious metal as a retrenchment in the U.S. dollar DXY, -0.10% and a further pullback in 10-year Treasury yields TMUBMUSD10Y, 1.180% helped to pave the way for buying in bullion. December gold GCZ21, +0.21% GC00, +0.21% gained $5, or 0.3%, to end at $1,822.20 an ounce. The 10-year Treasury yield fell below 1.15%, extending the fall to the lowest levels since February, briefly on Monday and the U.S. dollar was off 0.1%, as gauged by the ICE U.S. Dollar Index. Concerns about the spread of the delta variant of COVID-19 also was attributed to the move to assets perceived as havens.
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