Gold edged higher on Monday, supported by a weakness in bond yields as investors await U.S. inflation data due later this week for more clarity on the Federal Reserve’s interest rate path after a dovish pivot last week.
Spot gold XAU= was up 0.3% at $2,023.29 per ounce, as of 0312 GMT. U.S. gold futures GCcv1 edged 0.1% higher to $2,037.10.
“The yields are on a slippery slope after the FOMC meeting last week and that’s allowing some further upside in the gold price,” Tim Waterer, chief market analyst at KCM Trade, said.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
