Gold rebounds on U.S. stimulus, softer yields

Gold jumped over 1% on Monday as a retreat in U.S. Treasury yields pushed investors to bullion again as a refuge from inflation following the passage of a $1.9 trillion U.S. stimulus package.

Spot gold was up 0.8% to $1,746.46 per ounce at 1033 GMT, after rising as much as 1.5% to $1,759.53 earlier in the session.

U.S. gold futures rose 0.8 % to $1,742.60 per ounce.