Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated - Kitco AM Report

(Kitco NewsWire) – The gold market is struggling to maintain its recent recovery as persistent inflation pressures, elevated bond yields and a U.S. dollar trading near an 18-month high continue to create significant headwinds for the precious metal ahead of another critical week of economic data.Gold prices started the week with modest gains, briefly trading above $4,200 an ounce during the Asian session; however, bullish momentum has faded as investors remain reluctant to take significant positions ahead of Wednesday's U.S. Consumer Price Index report.Spot gold was last quoted around…