Gold prices fell on Monday as U.S. Treasury yields rose, while the Federal Reserve's recent hint at a slower pace of rate cuts in 2025 kept investors keenly awaiting a slew of economic data due this week to shed more light on that view.

Gold prices settled Thursday at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt investors seek out safe-haven assets.

Gold steadied after a two-day advance as traders mulled the outlook for the Federal Reserve’s easing path ahead of key jobs figures due later this week.

Gold prices hovered near a four-week high on Friday, poised for their best week since mid-November, as investors awaited U.S. jobs data to gauge how aggressively the Federal Reserve might cut interest rates this year.

Gold prices rose to the highest in nearly four weeks on Wednesday after slightly weaker than expected data on U.S. private employment for December reassured some market watchers that the Federal Reserve may be less cautious about easing rates this year.