gold prices slumped on monday following robust gains during friday’s session as global bond yields jumped and the us dollar strengthened putting pressure on the yellow metal   gold futures for december gc00 gcz23 fell by 680 or 03 to 1969 per ounce on comex   silver futures for september delivery si00 siu23 shed 25 cents or 1 to 2347 per ounce   palladium futures for september pa00 pau23 fell by 760 or 06 to 1257 per ounce platinum futures for october delivery pl00 plv23 declined by 910 or 1 to 919 per ounce   copper futures for september hg00 hgu23 declined by 1 cent or 03 to 3857 per pound “gold prices are struggling here on a strong dollar and as global bond yields rise and after an early round of fed speak are still supporting the case for one more hike by the fed” said edward moya senior market analyst at oanda in emailed commentary bond yields are in focus on monday following a fourday losing streak for the sp 500 that has been driven in part by a jump in treasury yields over the past couple of weeks rising treasury yields have helped to drag european yields higher while senior federal reserve officials have left the door open to another hike of the central bank’s policy rate in september new york federal reserve president john c williams told the new york times in an interview that he feels the fed is nearly finished with its campaign against inflation and that the central bank could start lowering rates again as soon as next year meanwhile fed gov michelle bowman said rates still need to rise higher to tame price pressures investors will receive the next update on the state of us inflation later this week when the consumerprice index for july is released on thursday june data released last month spurred a rally in us stocks after price pressures ebbed more quickly than economists had expected the ice us dollar index dxy rose 02 to 10222 the yield on the 10year treasury note bxtmubmusd10y was up nearly 3 basis points at 4083