Gold exceeds $4,200 as oil and yields decline
Gold prices rose today, Monday, surpassing $4,200 an ounce, supported by declining US bond yields and oil prices, which reduce expectations of interest rate hikes and boost prospects of a slowdown in monetary policies. The precious metal also remained stable as the market awaited upcoming US inflation data. Meanwhile, the decline in borrowing costs puts pressure on non-yielding gold. Markets are closely watching the Consumer Price Index report on Wednesday, which will pave the way for new policy decisions.
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