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Gold Reaches New All-time Highs Despite The Dollar's Strength



On Monday, gold prices edged higher despite the dollar strengthening against most major currencies, alongside a rise in U.S. treasury yields.


The 10-year U.S. treasury yields increased by 9 basis points, reaching over 4.17%, marking the highest level since late July.


Meanwhile, Dallas Fed President Lorry Loan expressed confidence in the stability and strength of the U.S. economy but urged caution, advocating for a gradual approach to policy easing.


The dollar index climbed 0.5% to 103.9 by 19:20 GMT, with an intraday high of 104.02 and a low of 103.4.


As of 19:20 GMT, gold spot prices rose 0.1%, reaching $2,732 an ounce.

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