Gold prices finish higher for a second straight session on Monday after a lengthy losing streak.
Gold prices climbed on Monday, with the yellow metal scoring back-to-back gains after a lengthy losing streak, even as 10-year Treasury yields looked set to log more multi-year highs.
Against this background, U.S. interest rates could remain elevated for a prolonged period, he said, and this scenario “would create scope for the continuation of the dominance of the U.S. dollar in global markets, with gold prices likely to suffer further losses.” For now, investors absorbed a flurry of news to start the week, including a smaller-than-expected interest-rate cut by China’s central bank.
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