Gold prices rose on Monday as the real yield on U.S. 10-year debt fell to a record low on global growth concerns.
Spot gold rose 0.4 percent to $1,808.80 per ounce, while U.S. gold futures were up 0.4 percent at $1,808.45.
Yields on government bonds are falling on concerns that the spread of the Delta variant of the coronavirus could dent global growth.
A survey showed German business confidence weakened unexpectedly in July as managers' optimism was clouded by problems with the supply of raw materials and other products and by an upturn in coronavirus infections.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.