Gold falls as the dollar gained and after U.S. bond yields climbed Friday to the highest level since 2011.
Bullion for immediate delivery lost 0.8% to $1,194.29/oz at 10:44am in London; gained1.1% last week.
In China, bullion of 99.99% purity rose 1.1% to 266.98 yuan/gram on Shanghai Gold Exchange.
The yield on the benchmark 10-year U.S. note capped the biggest weekly increase since February on Friday, as a strong economy, the lowest jobless rate in 48 years, and hawkish comments from Federal Reserve Chairman Jerome Powell, combined to prompt a bond selloff. In China, stocks had their worst October start in a decade.
Bloomberg Dollar Spot Index strengthened 0.2%; added 0.6% last week. Yield on 10-year Treasuries at 3.23% on Friday; +17 bps last week.
In other precious metals, silver -1.3%, platinum -0.4%, palladium -0.5%..