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US Gold price trades sideways amid US$ retreats.


US spot gold trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles to hold ground near the previous weekly close, experiencing minor support due to the retreating in the US Dollar (USD).


US Dollar Index (DXY), which measures the performance of the Greenback against six other major currencies, is presently trading around 104.80 slightly below its peak since April. However, US Treasury yields rose, which could exert pressure on the price of the yellow metal. The yields on 10-year US Treasury bonds rose to 4.29%, up by 0.52%.



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