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.