Gold rose to a one-month high on Monday, just shy of the $2,000 an ounce level, as concerns around the Russia-Ukraine conflict and rising inflationary pressures increased safe-haven bids for the precious metal.
Spot gold rose 0.1% to $1,976.56 per ounce by 2:09 p.m. ET (1809 GMT), after earlier hitting its highest since March 11 at $1,998.10. U.S. gold futures settled 0.6% higher at $1,986.4.
Gold’s advance was curbed late in the session by a jump in benchmark 10-year U.S. Treasury yields and further gains in the dollar, which dulls the appetite for gold among overseas buyers.
Capital Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.