Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous session at its lowest level since April 5.
Read MoreSpot gold was down 0.1% at $2,320.19 per ounce, after closing the previous session at its lowest level since April 5.
Last week, officials, such as US Federal Reserve Chair Jerome Powell, retreated from offering any forecast for the timing of interest rate reductions, stating instead that monetary policy must remain tight for an extended period of time. Having non-yielding gold becomes less appealing when interest rates rise.
Comparison The yield on the 10-year U.S. Treasury increased slightly, closing at 4.6475%, which decreased investors' desire for non-yielding metal.
Spot gold was up 0.4% at $2,388.49 an ounce. American gold futures increased by 0.2% to $2,403.30 an ounce. For the week, gold has increased by 3%.
Loretta Mester, president of the Cleveland Federal Reserve Bank, stated that she anticipates price pressures to lessen further this year, enabling the Fed to lower borrowing costs
Spot gold was up 0.1% at $2,383.37 an ounce. On Friday, the price of gold reached a record high of 2,431.29.
The broader market exhibited strength, with the BSE SmallCap advancing by 0.79% and the BSE MidCap by 0.92%.
The project's scope includes building a new BG line in the Central Railway's Solapur division's Osmanabad section.
The metal index recorded the highest increase, rising by 2.08%, followed by the healthcare index, which gained 1.06%.
U.S. West Texas Intermediate crude futures climbed 10 cents, or 0.11%, to $83.45 a barrel, while Brent crude futures increased by 9 cents, or 0.1%, to $88.51 a barrel.
The broader market exhibited strength, with the BSE SmallCap advancing by 0.79% and the BSE MidCap by 0.92%.
The project's scope includes building a new BG line in the Central Railway's Solapur division's Osmanabad section.
The metal index recorded the highest increase, rising by 2.08%, followed by the healthcare index, which gained 1.06%.
U.S. West Texas Intermediate crude futures climbed 10 cents, or 0.11%, to $83.45 a barrel, while Brent crude futures increased by 9 cents, or 0.1%, to $88.51 a barrel.
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