The consumer price index jumped 0.6pc, the largest gain since August 2012, as increased vaccinations and massive fiscal stimulus unleashed pent-up demand.
Eyes will be on the release of consumer price data this week, after figures Friday showed the producer price index last month came in above forecasts and hit its highest level in almost a decade.
All three major U.S. stock indexes gained some ground and the S&P 500 and the Dow were last in positive territory, with economically-sensitive small caps and transports lagging.
The $3 trillion-$4 trillion infrastructure package will target traditional projects like roads and bridges alongside investments in the electric vehicle market.
The stronger dollar and rising yields, along with expectations of a strong economic recovery, sapped demand for safe-haven bullion and pushed gold prices lower.