Gold rises as dollar, US Treasury bond yields slide

Gold prices rose today, Monday, after data showing slower-than-expected job growth in America negatively affected the dollar and the yield on Treasury bonds, to retreat from the high levels they reached recently.

According to Reuters, gold settled in spot transactions at $ 1942.33 an ounce (ounce) by 0130 GMT, which is slightly higher than its lowest level in 3 weeks recorded in the previous session, while US gold futures rose 0.1% to $ 1977.20. per ounce.

The dollar index fell and the yield on 10-year Treasury bonds declined from high levels reached in November after the jobs report issued by the Labor Department last Friday revealed that the US economy added fewer jobs than expected in July.

New evidence that the labor market is slowing down reinforces the perception that the latest rate hike at the US central bank may be the last in the current monetary tightening cycle.

Investors are anticipating an inflation test this week that may affect the path of raising interest rates at the US Central Bank.