Commodity Roundup: Precious metals mixed, oil down; grain short extends further

Gold prices fell at the start of the week against a stronger dollar and uptick in the benchmark U.S. 10-year bond yield, as as traders pared back bets for aggressive rate cuts by the Federal Reserve this year following Friday’s solid U.S. jobs report. Spot gold (XAUUSD:CUR) was down -0.70% to $2,024.41 an ounce by 6 am ET. Treasury yields rose further on Monday after Fed Chair Jerome Powell said the central bank could “give it some time” before cutting interest rates, which dented the appeal of bullion despite raging tensions in the Middle East, which usually tends to support…