Gold Finishes with Marginal Gains

Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses.

Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that signaled progress in the recovery from the negative impact of the Coronavirus pandemic, the yellow metal was supported by the decline of the U.S. Dollar (USD) and Treasury bond yields.

However, the surge in the stock market to new all-time highs limited the daily gains of the precious metal, with Wall Street investors betting on the market sectors that are expected to benefit the most from the anticipated recovery.

Gold futures for June delivery finished higher by 40 cents, or 0.02%, to close at $1,728.80 per ounce.