Gold hits near six-week low on firmer dollar, higher Treasury yields


By Sumita Layek (Reuters) - Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.

96 by 0259 GMT. Prices fell as much as 4.4% on Friday. U.S. gold futures were flat at $1,835.60. "The glory days of gold are over," said Stephen Innes, chief global market strategist at Axi. "Higher.....

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