'Slow-Slow' Gold Rises, Where Are You Going?

<p>&nbsp;The yellow metal traded stronger at the start of the week, supported by a weaker US dollar and US 10-year bond yields.</p><p><br /></p><p>In the Asian session, gold prices rose to around $1,922 per ounce, while gold futures were higher at $1,949 per ounce.</p><p><br /></p><p>Following last week's strengthening, the US dollar retreated from 2-month highs against most major currencies.</p><p><br /></p><p><br /></p><p>Meanwhile, the benchmark 10-year US treasury yield declined from a 16-year high to 4.18%.</p><p><br /></p><p>This indirectly gives an opportunity for the gold precious metal to increase.</p><p><br /></p><p>This week's focus will be on the US personal consumption expenditure (PCE) report due out on Thursday and NFP employment on Friday.</p>