Gold Prices Steady as Yields Rise

Gold prices remained steady today, Monday, as investors turned to buying the precious metal after it had dropped to its lowest in more than a month and a half. This followed inflation fears that led to a collapse in the global bond market.

As of 0608 GMT, gold was stable in spot transactions at $4536.45 per ounce after falling to its lowest since March 30 earlier in the session.

U.S. gold futures for June delivery fell 0.5 percent to $4539.90.

For other precious metals, silver fell 1.3 percent in spot transactions to $74.98 per ounce, while platinum decreased 0.5 percent to $1963.88. Palladium also declined, dropping 1.2 percent to $1396.14.