Gold holds steady as strong dollar, bond yields offset Fed outlook
Gold prices were steady as a strong dollar and rising bond yields balanced weaker expectations of a US Federal Reserve rate hike this month.
Key Takeaways
AIGold prices held steady on Monday as the strength of the US dollar and rising bond yields offset declining expectations that the US Federal Reserve will raise interest rates this month.
Spot gold edged down 0.1% to $413.79 per ounce as of 15:41 GMT. US gold futures for December delivery rose 0.1% to $416.60.
Among other precious metals, spot silver gained 1.3% to $61.17 per ounce, platinum rose 1.2% to $1,719.14, and palladium was up 1% at $1,178.99.