• Gold remains steady unaffected by rising US Dollar and Treasury yields.
• Mixed US manufacturing data: S&P PMI expands, ISM PMI contracts for third consecutive month.
• US 10-year Treasury yield climbs nearly 9 bps to 4.489%, bolstering Dollar's rebound.

Gold prices remain virtually unchanged on Monday even though the Greenback registers minuscule gains propelled by elevated US Treasury bond yields, following a release of softer-than-expected US economic data. That, along with a shortened week in observance of Independence Day in the US and an eventful week, keeps the XAU/USD trading within familiar levels at around $2,327 flat.

The US economy revealed business activity figures on the manufacturing front, with mixed readings. The S&P Global Manufacturing PMI stood at expansionary territory, contrary to the ISM one, which contracted for the third straight month in June.

Market participants remained cautious, with US equity indices performing mixed in the mid-North American session. Meanwhile, the US 10-year Treasury yield rose almost nine basis points to 4.489%, lending a lifeline to the Greenback, down 0.33% earlier in the day before staging a comeback, gaining 0.09%.

Traders are eyeing the Federal Reserve Chairman Jerome Powell's speech on Tuesday, followed by the Fed’s latest monetary policy minutes on Wednesday. After that, the US economic schedule will feature Services PMIs from S&P and the ISM, followed by Friday’s US Nonfarm Payrolls.