KONTAN.CO.ID - SINGAPORE. Gold prices dipped on Monday as the U.S. dollar climbed ahead of U.S. inflation data this week. Still, bullion was off three-week lows after slowing U.S. job growth knocked bond yields from their recent highs. Spot gold was down 0.3% at $1,936.80 per ounce by 0757 GMT, having slid to its lowest since July 11 on Friday before settling 0.4% higher. U.S. gold futures eased 0.2% at $1,971.60. The benchmark 10-year Treasury yields slid from November highs after data on Friday showed the U.S. economy added fewer jobs than expected in July.
Gold Off 3-Week Lows as Investors Brace for US Inflation Data
KONTAN.CO.ID - SINGAPORE. Gold prices dipped on Monday as the U.S. dollar climbed ahead of U.S. inflation data this week. Still, bullion was off three-week lows after slowing U.S. job growth knocked bond yields from their recent highs. Spot gold was down 0.3% at $1,936.80 per ounce by 0757 GMT, having slid to its lowest since July 11 on Friday before settling 0.4% higher. U.S. gold futures eased 0.2% at $1,971.60. The benchmark 10-year Treasury yields slid from November highs after data on Friday showed the U.S. economy added fewer jobs than expected in July.