Gold rose slightly in Asian trading sessions with price movements still hovering around nine -month lows in the previous session.
Spot gold traded positive at $ 1,688 per ounce, while gold futures hovered around the $ 1,686 per ounce price level (12.30pm Malaysian time).
The benchmark 10 -year U.S. treasury yield fell slightly to 1.568%, after soaring to a one -year high, causing the greenback dollar to trade gains as well against its major rivals
However, the king of the currency is still trading stronger around the 3 and a half month high against most major currencies resulting in limited gold price increases and price movements under pressure.
Markets remain optimistic about a strong economic recovery, especially after a $ 1.9 trillion stimulus package by President Joe Biden was approved by the Senate last weekend.
Gold has fallen 8% this year following expectations of a global economic recovery supported by the launch of the worldwide Covid-19 vaccine and a stimulus package by the government.
