Spot gold prices closed higher on Monday, July 6, extending a multi-day rally as traders returned to markets following the U.S. Independence Day holiday.
The precious metal’s advance was supported by a combination of declining Treasury yields and softening oil prices, reinforcing the safe-haven bid that has characterized recent trading sessions.
The move comes as market participants continue to adjust their expectations for U.S. monetary policy.
With the Federal Reserve’s next policy decision looming, attention is now fixed on the upcoming release of the FOMC meeting minutes.
Investors are scrutinizing the latest data for clues on the central bank’s future rate path, particularly after softer-than-expected jobs data released earlier in the week fueled speculation of a more dovish stance.
Gold’s performance reflects growing investor caution amid macroeconomic uncertainty.