With a small gain, gold futures settled on Monday, as Treasury yields eased back from their highest levels during the trading session.
Bearish elements, such as the hawkish comments from the Federal Reserve last week and expectations for interest rate hikes, have been a prevalent factor governing the market’s sentiment.
Investors do not seem worried about the risk of a domino effect from China property giant Evergrande’s debt crisis.
Gold for December delivery rose 30 cents, , or 0.02%, to settle at USD 1,752 per ounce.
Silver for December delivery rose 26 cents to USD 22.69 per ounce and December copper was unchanged at USD 4.29 per pound.