Gold prices were weaker at the start of Monday’s US session. Precious metals are receiving selling interest as the US dollar index is higher and US Treasury yields are rising to start the trading week. December gold last fell $5.60 to $1,970.
Asian and European stock markets were mixed in overnight trading. US stock indexes opened slightly higher as the New York day session began.
The main US and China inflation reports this week will be the key data points for the market. Traders will also be keeping a close eye on the US Treasury bond market this week, as prices have fallen (yields are up).
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- Source: https://www.tradingview.com/chart/XAUUSD/QKx8btnJ-XAUUSD-Price-pressure-amid-higher-USDX-rising-bond-yields/
