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Gold slides as hopes of lockdowns easing whet risk appetite

Gold fell on Monday as U.S. Treasury yields rose and plans to ease coronavirus-induced lockdowns by many countries whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support.

Spot gold fell 0.8% to $1,712.99 per ounce by 15:08 GMT, having earlier fallen as much as 1.3% to $1,704.45. U.S. gold futures were down 0.5% at $1,726.70.

Elsewhere palladium dropped as much as 6.7% to a near one-week low of $1,890.13 per ounce. It was last down 5% at $1,923.21 per ounce.

Platinum rose 0.1% to $760.14 and silver eased 0.1% to $15.22.

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