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Gold prices ease on firmer Treasury yields, US data in focus
Gold eased on Tuesday after touching a six-week high in the previous session, as rising US Treasury yields and profit-taking weighed on prices, while investors awaited US economic data to gauge the Federal Reserve’s policy path. Spot gold fell 0.4% to $4,216.13 per ounce by 0436 GMT, after hitting its highest level since October 21 on Monday. US gold futures for December delivery were down 0.7% at $4,246.60 per ounce. Benchmark 10-year US Treasury yields hovered close to a two-week high touched in the previous session, reducing the appeal of non-yielding bullion. “Gold is having a soft performance today, but the ... (full story)
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