2024-02-05T10:47:38+00:00
A-
A
A+
/ Gold prices fell on Monday, as the dollar and US Treasury yields rose after a jobs report that indicated strong sector performance and dispelled expectations of a near-term Federal Reserve rate cut.
By 05:56 GMT, spot gold was down 0.5 percent at $2,029.03 per ounce.
U.S. gold futures fell 0.4 percent to $2,045.50 an ounce.
The dollar index hit an eight-week high, making gold more expensive for holders of other currencies, while benchmark 10-year Treasury yields rose to more than 4 percent.
Among other precious metals, spot silver fell 0.5 percent to $22.56 an ounce, palladium fell 0.8 percent to $939.26, and platinum rose 0.5 percent to $894.99.