Gold Prices Ease as Treasury Yields Rise and Market Awaits U.S. Economic Data

Gold prices ease as rising U.S. Treasury yields and profit-taking weigh on the market. Investors await key U.S. economic data.

Live Market Updates

Latest Financial News

neutral-negative
1 day ago

Gold Prices Ease as Treasury Yields Rise and Market Awaits U.S. Economic Data

Gold Prices Ease as Treasury Yields Rise and Market Awaits U.S. Economic Data
Gold prices eased on Tuesday, pulling back after reaching a six-week high in the previous session. The retreat was driven by rising U.S. Treasury yields and some profit-taking. Investors are awaiting key U.S. economic data, including the ADP employment report and the core PCE price index, to assess the Federal Reserve's monetary policy stance. Treasury yields hovered near a two week high, reducing gold’s appeal, as the market anticipates a potential rate cut by the Fed. 
Tags:
  • gold
  • treasury yields