Gold's record rally took a breather on Monday, as U.S. Treasury yields and dollar gained the upper hand, while investors awaited a series of U.S. economic data due this week for cues on the Federal Reserve's interest rate outlook.
Spot gold fell 0.2% to $2,743.31 an ounce by 1:55 p.m. ET (1755 GMT). Bullion hit a record high of $2,758.37 last Wednesday.
U.S. gold futures settled almost unchanged at $2,755.9.
Yields on benchmark 10-year Treasuries rose to a three-month high. The dollar index (.DXY), was on track for its best month since April 2022, making gold less attractive for overseas buyers.
With the Nov. 5 U.S. election approaching, Vice President Kamala Harris and former President Donald Trump are caught in a knife-edge battle to win over some of the more competitive states.
The market also awaits a slew of data this week, including ADP employment on Wednesday, U.S. Personal Consumption Expenditures on Thursday, and Friday's payrolls report.
Spot silver added 0.2% at $33.75 an ounce and platinum rose 1.4% to $1,037.5.
Palladium rose 2.1% to $1,217.98, after hitting a 10-month high earlier in the session on concerns over sanctions on top producer Russia.
Source : Reuters
