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The dollar index rose nearly 1% to a more than one-month high, while yields on the benchmark U.S. 10-year Treasury notes also gained, hovering around the 4% mark
Analysts say this week will be important as along with US retail sales and IIP data, the focus will also be on GDP numbers from China
Analysts say factors like wedding season demand and the dollar index’s recovery contributed to the rise in precious metal prices
However, geopolitical uncertainty has increased once again with the US and UK launching strikes against Houthi rebels in Yemen, raising the risk premium for bullions
All eyes are now on the US inflation data, that analysts say may have inched up in December