Gold prices declined on Monday as the dollar and Treasury yields saw an uptick following a robust US jobs report, dashing expectations for imminent interest rate cuts from the Federal Reserve, according to Reuters.
At 0420 GMT, spot gold witnessed a 0.3% drop, reaching $2,053.50 per ounce. Meanwhile, US gold futures experienced a 0.2% decrease, settling at $2,049.10 per ounce.
Spot silver also faced a 0.4% decline, reaching $22.58 per ounce. Palladium exhibited a 1.2% drop to $935.56, while platinum saw a modest 0.3% increase, reaching $893.19, according to WAM.
