01:59 PM EDT, 07/15/2024 (MT Newswires) -- Gold edged higher midafternoon on Monday, climbing to to a nine-week high as the dollar rose and treasury yields were mixed following the weekend assassination attempt on former US President Donald Trump.

Gold for August delivery was last seen up US$6.80 to US$2,427.50 per ounce, the highest since May 21.

No consensus has yet emerged on the likely effect on markets the attempt on Trump's life at a Saturday rally will have, with global stock markets mostly weaker while futures point to a higher open for U.S. exchanges.

"Gold remains near a record high, trading around $2,410, in the wake of an assassination attempt on former President Trump, coupled with declining bond and stock prices. The uncertainty surrounding the U.S. political and economic landscape, along with concerns about the sustainability of the U.S. deficit, is expected to bolster gold prices over the long term," Saxo Bank noted.

The ICE dollar index was last seen up 0.17 to 104.26.

Treasury yields were mixed. The U.S. two-year note was last seen paying 4.462%, down 0.2 basis points, while the yield on the 10-year note was up 4.6 basis points to 4.233%.