Gold declines as dollar gains ground, while US treasury yields spike

Gold prices fell on Monday as the dollar gained ground against most major rivals while US treasury yields gained ground.

Wall Street was highly pressured this month as the Fed continues to hint at extended policy tightening, and amid concerns about the health of the economy.

Such pressures coincide with higher US treasury yields, while oil prices surge as well above $95 a barrel for the first time since last year.

Investors now await important US consumer spending data, important for gauging inflation.

Otherwise, the dollar index rose 0.4% as of 20:59 GMT to 105.9, with a session-high at 106.1, and a low at 105.5. 

Gold spot prices fell 0.6% as of 21:00 GMT, or $11 to $1,934.8 an ounce.