Gold prices lifted to fresh 3-month highs of 1855 on Monday, amid a weaker dollar and a fall in Treasury yields. Fed policymakers noted last week that any increase in price pressures will be transitory and expected to wane as supply chains adjust to rising demand. The shift in sentiment was accompanied by a disappointing retail sales report, which helped curbed some long-term fears of inflation. Aside from economic headlines, the precious metal benefited from safe-haven demand stemming from the ongoing coronavirus crisis. Still, bullion ended the second week of May more than 1% down.