India, July 7 -- Gold prices retreated on Monday amidst the dollar's resilience as well as a spike in bond yields. Both Spot Gold and Gold Futures recorded losses in Monday's trade. Spot Gold and Gold Futures (for August settlement) had both rallied on Friday.
The six-currency Dollar Index strengthened 0.17 percent to trade at 97.35. The day's trading range was between 97.07 and 97.44.
Yields on ten-year U.S. treasury bonds surged 1.23 percent to 4.369 percent. The yields had touched a high of 4.371 percent earlier in the trade. Ten-year sovereign bonds in Canada, Germany, France, Spain, Italy and Japan all recorded spikes of more than a percent.
Gold Futures for August settlement slipped 0.85 percent overnight to trade at $3,318.05, ver...