Gold on fresh peaks as dollar, yields ease

GOLD rose to an all-time high on Monday, underpinned by a softer dollar and lower Treasury yields, as investors positioned ahead of a pivotal US Federal Reserve meeting this week that could set the tone for the rest of the year.

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Spot gold was up 1.1% at $3,680.80 per ounce as of 1:44 p.m. EDT (1744 GMT), after hitting a record high of $3,685.39 earlier in the session. Bullion climbed about 1.6% last week.

US gold futures for December delivery settled 0.8% higher at $3,719.

The dollar index fell 0.3% to a one-week low, making gold more attractive for other currency holders, while the benchmark US 10-year Treasury yield edged lower.