ALBAWABA- Gold prices climbed for the fourth consecutive session on Monday, buoyed by a weakening U.S. dollar and falling Treasury yields, after disappointing U.S. jobs data increased expectations of an interest rate cut by the Federal Reserve in September.
Spot gold rose by 0.1% to $3,375.89 per ounce, while U.S. gold futures also edged up 0.1% to $3,430.40. The yield on the benchmark 10-year U.S.
Treasury note dropped to its lowest level in a month, further supporting gold's upward momentum.
#GOLD holds steady near **\$3,370**, consolidating in a tight range.
— Gaurav Trades✨📊 (@Gaurav_faxxuusd) August 5, 2025
📈 Bullish bias intact above \$3,340
🔍 Eyes on breakout above \$3,400
⚠️ Key support: \$3,315
💬 Fed rate cut hopes + global risk = gold strength#XAUUSD #LoveIsland #Crypto pic.twitter.com/fz62asGj9A
Among other precious metals, spot silver gained 0.1% to reach $37.44 an ounce. Platinum added 0.1% to trade at $1,330.31, and palladium advanced 0.2% to $1,204.25 per ounce.
The combination of weaker economic indicators and shifting investor sentiment toward a possible rate cut has continued to strengthen demand for safe-haven assets like gold.
