Gold prices gain slight upward momentum as US bond yields experience a modest pullback. However, expectations of a hawkish Federal Reserve support USD strength, limiting gold's upward potential. The robust US Nonfarm Payrolls (NFP) report released on Friday has strengthened predictions of a slower pace of rate cuts this year, boosting US bond yields and the USD. This continues to pressure the non-yielding gold market. Investors are now focusing on the upcoming release of the US Producer Price Index (PPI) for short-term direction later in the North American trading session.