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Gold price rebounds on rising yields, inflation concerns
Credit: Wikimedia Commons

Gold prices rebounded on Monday despite a jump in US Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards the safe haven metal.

Spot gold gained 1.0% to $1,810.20 per ounce by 12:25 p.m. EST, its highest in nearly a week, while US gold futures for April delivery rose 1.9% to $1,811.10 per ounce in New York.

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Credit: Wikimedia Commons

Gold prices rebounded on Monday despite a jump in US Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards the safe haven metal.

Spot gold gained 1.0% to $1,810.20 per ounce by 12:25 p.m. EST, its highest in nearly a week, while US gold futures for April delivery rose 1.9% to $1,811.10 per ounce in New York.

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