# Gold eases as Treasury yields rise, focus on US data

> Gold prices eased on Monday after a record rally as U.S. Treasury yields and the dollar gained. Investors awaited a series of U.S. economic data due that week for guidance on the Federal Reserve's rate outlook.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27755-gold-eases-as-treasury-yields-rise-focus-on-us-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold is not a feed commodity, and this is a routine precious metals move driven by rates and the dollar. Limited direct effect on feed price direction.

## Read by commodity

- DXY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-slips-dollar-firms-market-eyes-crucial-us-data-2024-10-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.