Gold climbs in Asia above $4200

Gold prices rose in the global markets, with the ounce reaching $4,206, up 0.30% at the start of the week, remaining above the $4,200 level amidst several challenges such as rising bond yields and the US dollar. After a 1.3% increase last week, the metal faced turbulence due to expectations of US interest rate hikes, but declines in oil and bond yields helped it regain some of its losses. Investors are monitoring the movements of the dollar and bond yields in the coming period to determine the direction of gold, which is trying not to break the support level at $4,100.

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