NEW YORK/LONDON: Gold prices rose and a gauge of global equity markets closed not far from a record high on Monday as investors bet corporate results and U.S. data will underscore the strength of the economy's rebound from pandemic-induced shutdowns.
The dollar eased against a basket of currencies as the yield on Treasury bonds retreated on data showing U.S. manufacturing activity grew at a slower pace in April.
The yield on the 10-year Treasury note traded 2.8 basis points lower at 1.6029% after a shortage of inputs likely restrained factory output as massive fiscal stimulus and rising COVID-19 vaccinations unleashed pent-up demand.
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