# Gold slips as dollar, yields gain; traders await more US data

> Spot gold slipped 0.6% to about $2,319 an ounce on Tuesday as the dollar and Treasury yields rose. Investors were awaiting US inflation data later in the week for clues on the timing of Fed rate cuts.

- Date: 2024-06-25 · published 2024-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29636-gold-slips-as-dollar-yields-gain-traders-await-more-us-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency and rate moves ahead of inflation data shape the dollar's direction, which influences dollar-denominated commodity prices including feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-drifts-lower-traders-ahead-us-inflation-data-2024-06-25/

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