Gold set to snap six-day losing streak as US bond yields slide

Topics Gold  | Gold Prices | US bond


By Eileen Soreng (Reuters) - Gold prices rose on Monday, following sixth straight sessions of losses, as a drop in U.S. Treasury yields bolstered the non-yielding metal's appeal. Spot gold climbed 0.7% to $1,776.

10 per ounce by 0732 GMT, while U.S. gold futures rose 0.4% to $1,775.5 per ounce. The real yields are falling, helping gold prices to stabilise and attempt a rebound, said Margaret Yang, a strategist at DailyFX, adding "investors are also taking this as an opportunity to buy the dip in view of rising inflationary.....

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