At the beginning of this week, the gold price remained stable after reaching a five-month peak during the last session.

L U.S. gold futures fell 0.1% to $1,992.80, while spot gold remained stable at $1,981.14 per ounce at 0910 GMT. Gold prices reached their highest level since mid-May on Friday and have increased by around 9% over the past two weeks. According to Ole Hansen, Head of Commodity Strategy at Saxo Bank, “the market needs consolidation after a strong rally over the past two weeks. It's also important to see what's happening in the U.S. bond market, because we're seeing a significant increase in American yields.”

Cash fell 0.4% to $23.21 per ounce, platinum fell 0.4% to $890.91, and palladium fell 1.1% to $1,085.49.