Silver prices fell over 1% on Monday, resuming losses after pausing on Friday, weighed down by the rising US dollar and weak safe-haven demand.

Silver Gold prices fell 1.1% to $27.47 an ounce, after opening at $27.75, and a high at $27.78.

Silver gained 1.3% on Friday, within recovery attempts from a 3-week low at $27.02, as the US dollar faltered after disappointing jobs data.

Last week, silver lost 0.5%, and posted its first weekly loss in 5 weeks, as investors focused the US dollar.

The dollar index rose 0.1% today, which weighs down on demand for dollar denominated metals.

Several sources said that the Democratic Party will start Wednesday preparing the infrastructure bill for a vote in the US House of Representatives, with or without the Republican Party's support.

US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.

European stocks rose on Monday, rising for the second straight day, and hit all-time highs thanks to improved market sentiment, after the less-than-expected US jobs data lowered the odds for the US Fed to tight the monetary policy.

The Stoxx Europe 600 index rose 0.25% as of 11:11 GMT, and hit its all-time high at 453.88 points, after closing higher by 0.4% on Friday.

The pan European index rose 0.8% last week, in the third straight weekly gain, thanks to growing signs on the recovery of the euro zone economy from the pandemic.

The automotive sector saw the largest gains in Europe today, with a jump of more than 0.75%, thanks to rising car sales during the second half of this year.

S&P 500 futures fell today by less than 0.1%, after the index ended higher by 0.9% on Friday.

Data showed on Friday that the US economy has added less than expected new jobs during May, which renewed doubts about the US labor market strength, which US is a very important indicator that the US monetary policy makers use to determine the size of the bond-buying program and interest rates.

Back to Europe, the Euro Stoxx 50 index rose 0.25%, France's CAC 40 rose 0.3%, and the UK's FTSE 100 rose 0.3%.

While Germany's DAX index rose 0.4%, and hit a new record high at 15,732.06 points.

Gold prices fell on Monday, resuming losses and hit a 2-week low, weighed down by the rising US dollar and weak safe-haven demand.

Gold prices fell 0.5% to $1,851.51 an ounce, after opening at $1,891.26, and a high at $1,891.84.

Gold gained 1.1% on Friday, within recovery attempts from a 2-week low at $1,855.48 thanks to disappointing data in the US.

Last week, gold lost 0.7%, and posted its first weekly loss in 5 weeks, as investors focused the US dollar.

The dollar index rose 0.1% today, which weighs down on demand for gold and other dollar denominated metals.

Several sources said that the Democratic Party will start Wednesday preparing the infrastructure bill for a vote in the US House of Representatives, with or without the Republican Party's support.

US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.

Gold stocks at the SPDR ETF rose 1.41 metric tonnes on Friday, with the total at the highest level since March 25 at 1,043.16 metric tonnes.

Oil fell on Monday, and pulled back from several years high on profit-taking, while on track for the first daily loss in 6 days, as traders await the next round of talks to revive the 2015 Iran nuclear deal later this week.

US crude fell over 0.6% to $68.95, after opening at $69.38, and hit a day high and the highest since October 2018 at $69.97, and Brent crude fell 0.9% to $71.12, after opening at $71.74, and hit a day high and the highest since May 2019 at $72.74.

US crude gained 0.7% on Friday, and Brent crude rose 0.3%, their fifth straight daily gain, based on concerns over supply shortages in the US.

Oil prices gained 4% last week, the second weekly gain, thanks to improved US demand.

The Iranian government and world powers have entered a fifth round of intensive talks in Vienna aimed at paving the way for Tehran to return to full compliance with the 2015 agreement in exchange for lifting US economic sanctions on Iranian oil exports.

The European Union envoy coordinating the talks stated that he believed a deal would be concluded at the new round this week.

This comes after the former US President Donald Trump withdrew from the agreement in 2018 and re-imposed economic sanctions on Tehran.

Energy experts projected that Iran might add between 500,000 to 1.5 million barrels per day of oil once the US sanctions are lifted.