Gold Resumes Gains to Finish at Highest Level Since January

Gold prices rose on Monday, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields.

An improved risk sentiment might have limited the yellow metal’s gains, as it failed to reach the $1,900 an ounce level.

However, gold futures still managed to close at their highest level in more than four months.

After giving up consecutive four-week closing highs, gold futures for June delivery returned to gains and finished higher by $7.80, or 0.4%, at $1,884.50 per ounce, or its highest level since January 7.

Last week, the yellow metal most active contract registered a rise of a little over 2%, maintaining an upwards trend for the third week in a row.