Gold falls as US Treasury yields rise

The price of gold fell on Monday, after rising to its highest level in a month earlier in the session after strong inflation data in the United States lifted Treasury yields and reduced the attractiveness of safe-haven gold.

And the price of gold in spot transactions fell 0.4 percent to 1864.27 dollars an ounce. US gold futures also fell 0.4 percent to $ 1868.60.

And gold reached its highest level since the ninth of May, earlier in the session, when it recorded 1877.05 dollars an ounce.

But the benchmark US 10-year Treasury yields also rose to their highest level since May 9, affecting gold demand.

As for other precious metals, silver fell in spot transactions 0.9 percent to $21.68 an ounce, and platinum also declined.

1.6 percent to $958 and palladium fell 1.2 percent to $1910.69.