02:07 PM EDT, 04/08/2024 (MT Newswires) -- Gold was last seen trading at a record for a second day on Monday as the dollar weakened while treasury yields continued to push higher following last week's robust US jobs report as buying momentum continues on geopolitical worries.

Gold for June delivery was last seen up US$11.10 to US$2,356.50 per ounce. A closing price was not available.

The rise comes as geopolitical concerns continue to offer support for the metal, though Israel's withdrawal of troops from southern Gaza eased tensions even as Iran threatened to retaliate against Israeli embassies after last week's attacks on its embassy in Syria that killed senior members of Iran's military.

The dollar weakened, making the metal more affordable for international buyers. The ICE dollar index was last seen down 0.16 points to 104.14.

Still, treasury yields pushed higher again after Friday's US employment report which showed a rise of 303,000 new jobs, more than 50% above expectations, clouding the outlook for interest-rate cuts from the Federal Reserve. The US two-year note was last seen paying 4.784%, up 2.5 basis points, while the yield on the 10-year note was up 1.3 basis points to 4.418%.