Gold futures mark lowest finish in nearly 2 weeks

gold-futures-mark-lowest-finish-in-nearly-2-weeks

Gold futures declined on Monday, with strength in U.S. Treasury yields and the stock market contributing to a fall in prices for the precious metal to their lowest settlement in almost two weeks. The yield on the 10-year Treasury note TMUBMUSD10Y, 1.632% topped 1.6% Monday to touch the highest level since November. Against that backdrop, February gold GCG22, +0.22% fell $28.50, or 1.6%, to settle at $1,800.10 an ounce, extending the 3.6% loss for gold futures in 2021. The settlement marked the lowest for most-active gold futures since Dec. 21, FactSet data show.

Source: Marketwatch

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