Gold is strengthening thanks to the weakness of the dollar and yields, but fears of rising interest rates are limiting the rise. Spot gold was up 0.2% at $1,663.70 an ounce at 1043 GMT. American gold futures were stable at $1,672.

Gold prices rose slightly on Monday, helped by a weaker dollar and US Treasury yields, although gains were limited by the fears of an aggressive rate hike by the US Federal Reserve. The dollar has held about 2% below a two-decade peak against major currencies, making green-priced bullion cheaper for foreign buyers.

The 10-year US Treasury benchmark returns also fell after rising for two days. The bullion price fell by more than 8% during the July-September quarter, marking its worst quarterly performance since the end of March 2021.

Cash rose 1.7% to $19.33 per ounce, after peaking more than a week earlier in the session. Platinum rose 0.5% to $863.02 per ounce and palladium jumped 1.7% to $2,194.50.