In global markets, ounce gold closed yesterday at $4,115 after falling 3.97% and rose to $4,137 in early trading today. Gram gold started the day at 6,518 lira.
The fall was driven by rising US bond yields, a stronger dollar and expectations of a new rate hike from the Fed. Markets focused this week on the PCE inflation data due Wednesday in the US and the nonfarm payrolls data due Friday.