Gold Gains as Dollar and Yields Dip Ahead of Crucial U.S. Data

Gold prices advanced on Tuesday as both the dollar and Treasury yields retreated from recent highs. This shift in financial markets comes just ahead of critical U.S. inflation and job data releases scheduled for this week, which have the potential to significantly influence the future direction of interest rates.

**Key Points:**

- **Spot Gold:** As of 0113 GMT, spot gold was up 0.1% at $1,921.69 per ounce. It had reached its highest level since August 10 on the previous day. U.S. gold futures also saw a 0.1% increase, reaching $1,949.30.

- **U.S. Dollar:** The U.S. dollar declined against a basket of major currencies, contributing to gold's upward movement.

- **Treasury Yields:** Benchmark U.S. 10-year Treasury yields retreated from the peak levels reached last week, indicating decreased investor appetite for government bonds.

- **Impact of a Weaker Dollar:** A weaker dollar typically makes gold, which doesn't offer interest payments, more affordable for investors holding other currencies.

These market dynamics suggest a cautious optimism in the gold market as investors await crucial economic data releases that could shape the future trajectory of interest rates.

GOLD BUY LIMIT 1917 - 1918🕯

✅ TP1: 1923
✅ TP2: 1928

⚠️ SL: 1913