Gold slips from six-week high on Monday as rallying equities weighed on the metal's safe-haven appeal
Gold prices fell on Monday as rising bond rates and surging equities weighed on gold's safe-haven appeal as the new year began, pushing it down from a six-week high earlier in the day.
Gold prices ended 2021 down 3.6% for the biggest annual decline since 2015, with economies starting to recover from the coronavirus crisis. Pic: Reuters