Gold Retreats from One-Week High

Gold prices declined from their highest level in over a week, as the dollar and U.S. Treasury yields rose from their session lows. Investors are awaiting a speech from Federal Reserve Chairman Jerome Powell on Wednesday for hints about monetary policy expectations. Spot gold fell 0.4 percent to $1,749.54, after reaching its highest level since November 18 earlier in the session. U.S. gold futures dropped 0.3 percent to $1,749.10. The dollar recouped losses after dropping to a nearly two-week low earlier in the session. The strength of the dollar makes the precious metal, priced in U.S. currency, more expensive for holders of other currencies.