Gold futures settled $79.10 lower (-1.7%) at $4,513.90/oz, on Monday as a stronger U.S. dollar and higher Treasury yields weighed on demand for the precious metal.
Rising oil prices tied to Middle East tensions also fueled concerns about persistent inflation and higher interest rates, reducing gold’s appeal relative to interest-bearing assets.
U.S. Dollar Index is up about +0.2% to $99.15.