Gold futures lost ground Monday, as the U.S. dollar and Treasury yields rose to kick off the week.
Gold futures lost ground Monday, feeling pressure as the U.S. dollar and Treasury yields kicked off the week with a rise.
Gold... Gold futures lost ground Monday, feeling pressure as the U.S. dollar and Treasury yields kicked off the week with a rise. Gold ended last week on a down note after a much stronger-than-expected surge in May nonfarm payrolls saw the U.S. economy add 339,000 jobs versus Wall Street forecasts for a figure of around 190,000. That lifted the U.S. dollar and Treasury yields, as well as the overall appetite for stocks and other assets perceived as risky, taking away some of gold’s luster, Waterer noted.
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