Gold ends higher as dollar retreats, benchmark Treasury yields deepen slump to February nadir

Gold futures settled higher Monday, starting August on an upbeat note for the precious metal as a retrenchment in the U.S. dollar and a further pullback in 10-year Treasury yields helped to pave the way for buying in bullion. December gold gained $5, or 0.3%, to end at $1,822.20 an ounce. The 10-year Treasury yield fell below 1.15%, extending the fall to the lowest levels since February, briefly on Monday and the U.S. dollar was off 0.1%, as gauged by the ICE U.S. Dollar Index. Concerns about the spread of the delta variant of COVID-19 also was attributed to the move to assets perceived as havens. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Gold ends higher as dollar retreats, benchmark Treasury yields deepen slump to February nadir
Gold futures settled higher Monday, starting August on an upbeat note for the precious metal as a retrenchment in the U.S. dollar and a further pullback in 10-year Treasury yields helped to pave the way for buying in bullion. December gold gained $5, or 0.3%, to end at $1,822.20 an ounce. The 10-year Treasury yield fell below 1.15%, extending the fall to the lowest levels since February, briefly on Monday and the U.S. dollar was off 0.1%, as gauged by the ICE U.S. Dollar Index. Concerns about the spread of the delta variant of COVID-19 also was attributed to the move to assets perceived as havens. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.