Gold futures finished higher on Monday, with prices bouncing back after posting declines for five consecutive sessions. “We have seen quite a shift in market direction in favour of the dollar and yields, with most foreign currencies, gold, and US equities falling out of favour,” said Fawad Razaqzada, a market analyst at City Index and FOREX.com. “Those moves were as a result of the market changing its expectations for interest rates outlook swiftly higher.” Gold for April delivery
GCJ23,
+0.39%
rose $7.80, or 0.4%, to settle at $1,824.90 an ounce on Comex.
