Ammon News - Gold extended gains on Monday, supported by a weaker dollar and softer U.S. Treasury yields, as investors looked ahead to key U.S. jobs data for clues on the Federal Reserve's policy path, while silver steadied after a record-breaking run last week.

Spot gold rose 0.4% to $4,320.65 an ounce by 0319 GMT. Bullion has climbed about 64% so far this year.

U.S. gold futures gained 0.6% to $4,354.00 an ounce.

The dollar hovered near a two-month low hit last week, making bullion more attractive for overseas buyers, while benchmark 10-year U.S. Treasury yields edged lower.

Markets remain focused on the Fed's policy outlook after the U.S. central bank delivered a 25-basis-point rate cut last week in a rare split decision, while signalling a likely pause as inflation remains sticky and the labour outlook is uncertain.

Spot silver rose 0.8% to $62.48 per ounce. It hit a record high of $64.65 on Friday before closing sharply lower.

Silver is up 115% year to date on tightening inventories, strong industrial demand, and its inclusion in the U.S. critical minerals list.

Spot platinum lost 0.2% to $1,741.82, while palladium firmed 0.1% to $1,502.29 per ounce.

Reuters