Ingots of 99.99 percent pure gold are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing Rights
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Nov 20 (Reuters) – Gold prices declined on Monday weighed down by an uptick in U.S. Treasury yields, with investors awaiting minutes of the Federal Reserve’s last meeting for cues on the central bank’s interest rate path.
Spot gold was down 0.4% to $1,972.60 per ounce as of 1550 GMT (1050 ET), after rising as high as $1,993.29 on Friday. U.S. gold futures fell 0.5% to $1,975.00.
“Technically we’ve seen gold hit resistance and is back to range bound trading with…
