Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum.
Gold prices declined on Monday weighed down by an uptick in U.S. Treasury yields, with investors awaiting minutes of the Federal Reserve's last meeting for cues on the central bank's interest rate path.
Spot gold was down 0.1% to $1,978.23 per ounce, recouping the day's earlier losses.
Spot gold rose as high as $1,993.29 on Friday.
Lower interest rates exert downward pressure on the dollar and bond yields, enhancing the appeal of non-yielding bullion.
Persons:
Bart Melek
Organizations:
Aurum, Treasury, TD Securities, Fed, U.S, Kitco Metals, Holdings, SPDR, Trust
Locations:
U.S