Gold Closes Higher as USD and Treasury Yields Fade

Gold prices finished higher on Monday as the U.S. Dollar (USD) declined across the board with Treasury bond yields falling to their lowest level in about six months.

The yellow metal remains supported by the mixed economic data are concerns over the spread of the novel coronavirus Delta variant.

Gold futures for December delivery finished higher by $5, or 0.3%, at $1,822.20 per ounce.

Meanwhile, silver futures gained 2.8 cents, or 0.1%, to close at $25.575 per ounce.