Gold Maintains Losses for Fifth Session in Row

Gold prices declined on Monday, falling for the fifth consecutive session, and beginning the month of March with a negative performance amid a retreat in Treasury yields.

The yellow metal futures for April delivery finished lower by $5.80, or 0.3%, at $1,723 per ounce.

This is the lowest closing level for gold’s most active contracts since June 2020.

The benchmark 10-year Treasury bond yield remained at high levels near 1.45%.

In addition, the decline of gold comes amid a rise by the U.S. Dollar (USD).