Gold prices firmed on Monday, after posting a 6% drop last
week, as a retreat in U.S. Treasury yields boosted the allure of
the non-yielding metal.
Spot gold was up 0.5% at $1,772.34 per ounce, as of 1004
GMT. Last week, bullion prices posted their worst week since
March 2020 on the U.S. Federal Reserve‘s hawkish outlook.
U.S. gold futures edged 0.2% higher to $1,772 per ounce.
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