Metals Stocks: Price of gold edges higher after last week’s retreat below $2,000 an ounce

Gold futures look to register a second straight session decline on Monday, as prices failed to retake the key $2,000 mark, after a rebound by the U.S. dollar and higher bond yields last week took some steam out of a 2023 rally.

Price action
Market drivers

Gold had rallied in the wake of the March collapse of Silicon Valley Bank, which sparked fears of wider problems in the banking sector. But expectations that the Federal Reserve and other major central banks will continue to hike interest rates in an effort…


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