The US dollar fell on Monday, ending the previous five weeks of continuous gains

Gold prices hover around a five month low, the US Treasury yields rising put pressure on gold

The US dollar fell against a basket of currencies on Monday, ending the previous five weeks of continuous gains. Investors waited for the opportunity before the Federal Reserve held a seminar in Jackson Hole, Wyoming, anticipating that major central banks may maintain high interest rates for a longer period of time. Gold prices hovered around a five month low, and rising US Treasury yields put pressure on gold.

Gold prices hovered near a five month low on Monday, with rising US Treasury yields putting pressure on gold. Meanwhile, investors are looking forward to further clarifying the interest rate path at the Federal Reserve's Jackson Hall seminar later this week.