Gold prices finish higher but hold below $2,000 an ounce

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Gold futures settled with a gain on Monday, after a rebound in the U.S. dollar and higher bond yields last week took the steam out of a 2023 rally, pulling prices below the key $2,000 mark for the first time this month.

Price action
Market drivers

Gold had rallied in the wake of the March collapse of Silicon Valley Bank, which sparked fears of wider problems in the banking sector. But expectations that the Federal Reserve and other major central banks will continue to hike interest rates in an effort to bring…

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