Gold prices fall as firmer dollar offsets easing US bond yields

By Brijesh Patel (Reuters) - Gold prices edged lower on Monday as an uptick in the dollar dented the metal's appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment limited losses. Spot gold was down 0.2% at $1,886.76 per ounce as of 0308 GMT, after rising more than 1% in the previous session, as U.S.

May non-farm payrolls fell short of expectations. U.S. gold futures eased 0.1% to $1,889.60 per ounce. "We are seeing some long covering in Asia today, with risk hedges.

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