Gold price climbs to one-week top on softer US bond yields, geopolitical tensions
Gold price (XAU/USD) attracted some haven flows after posting its steepest weekly drop in more than three years last week and snapped a six-day losing streak on Monday amid heightened geopolitical tensions. Adding to this, softening US Treasury bond yields prompted some US Dollar (USD) profit-taking following the post-US election rally to a fresh year-to-date and turned out to be another factor that benefited the non-yielding yellow metal.
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