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LAST UPDATE 21:30

Gold closed positively on Monday after two consecutive negative sessions, as the dollar rally took a break and bond yields fell from their recent highs.

In June, the June crude contract gained $ 5.80, or 0.3%, to close at $ 1,814.00 an ounce on the New York Mercantile Exchange. The precious metal fell a total of 3.9% last week, its biggest weekly drop since June 2021.

The gold recovery followed the fall of the ICE US Dollar index by 0.2% today after the high of 20 years last Friday. At the same time, the 10-year US yield is losing 5 basis points at 2.88%.

July silver jumped 2.6% to $ 21,551 an ounce after falling 6.2% last week. The July copper, meanwhile, rose 0.4 percent to $ 4.1915 a pound.

As for the course of other metals, platinum in July fell 0.6% to $ 925.30 per ounce, while palladium in June closed with a jump of 4.4% to $ 2,002.60 per ounce.

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Source: Capital

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