Gold Closes Lower Despite Dollar’s Fluctuations

Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD).

This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a rise in the U.S. Treasury bond yields.

Gold futures for June delivery lost $13.40, or 0.71% to close at the level of $1,864 per ounce.

Last week, gold registered a decline of about 0.7%.

Since the beginning of June, gold’s monthly losses have now reached 2.02%.