An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.
Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction.
The jobs report led traders to once again shift their expectations of when the Fed will cut rates and by how much.
The dollar hit a more than one-week high against its rivals, while the benchmark U.S. 10-year Treasury yields scaled its highest since June 3.
Spot silver rose 0.9% to $29.43 per ounce, platinum was up 0.8% at $971.10 and palladium gained 1.1% to $922.38.
Persons:
Kelvin Wong, Jerome Powell, Wong
Organizations:
Co, Reserve, Asia Pacific
Locations:
Bangkok, Thailand, China, OANDA