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Gold consolidates near 3,950 dollars as US-Iran escalation risks clash with stubborn interest rates punishing non-yielding assets.

Gold recovered above the $4,000 an ounce level on Monday, October 26, closing near $4,031, while bitcoin steadied just under $80,000 at $79,786.67, after both assets had taken percentage-scale hits last week.

Silver rose above $57 an ounce and copper advanced on October 19 as the dollar softened, extending a mixed but constructive start to the week for industrial and precious metals.

Spot gold rose about 0.4 per cent to near $4,187 an ounce, helped by a softer dollar and a sharp fall in Treasury yields, even as hot US producer prices kept Fed rate-hike bets alive and capped the metal near $4,235.