Washington: Gold prices moved higher on Monday as a softer US dollar and lower bond yields increased the appeal of the precious metal, while investors waited for key US jobs data that could shape expectations on interest rates.
Spot gold rose to around 4320 dollars an ounce, staying close to record levels after a strong rally this year. The metal has gained sharply in 2025 as investors turned to safe assets amid economic uncertainty and signs that US interest rates may ease further.
The US dollar hovered near recent lows, making gold cheaper for buyers holding other currencies. At the same time, US Treasury yields slipped, reducing the opportunity cost of holding non yielding assets such as gold.
Markets are now focused on upcoming US employment numbers. A weaker jobs report could strengthen expectations of further rate cuts by the Federal Reserve, which would likely support gold prices. Stronger data, however, may slow the rally by easing pressure on the central bank to cut rates.
Silver prices steadied after touching historic highs in recent sessions. The metal has surged this year on tight global supply and strong industrial demand, particularly from sectors such as electronics and renewable energy. Analysts say silver may remain volatile in the near term after its sharp rise.
In India, domestic gold prices also tracked global gains, supported by the weaker dollar and firm international trends. Traders said sentiment remains positive, though short term movements will depend largely on US economic data and signals from global central banks.
Overall, precious metals continue to draw investor interest as markets weigh the outlook for growth, inflation and interest rates in the months ahead.