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Gold closed lower, but above $2,000 levels
Gold prices ended the first sessions of the week in decline, but above $2,000 an ounce, after falling below those levels during the session for the first time in a week.
At the end of the session, gold futures fell by 0.4%, or $8.8, to 2007 dollars an ounce.
The yellow metal recorded losses of about 0.5% last week.
Jim Wyckoff, chief analyst at Kitco Metals, said that the rise in the US dollar and bond yields, along with some profit-taking from the latest gains, is putting pressure on gold.
Investors are set to focus on comments from Fed officials this week ahead of the start of a blackout period from April 22 ahead of the Fed's scheduled meeting on May 2-3.
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