# Gold gains as dollar, yields ease and traders eye U.S. economic data

> Spot gold rose 0.6% to $2,038.59 per ounce on Tuesday as the dollar and Treasury yields slipped. Investors were positioning ahead of key US economic data, including the November core PCE index due Friday.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32471-gold-gains-as-dollar-yields-ease-and-traders-eye-u-s-economic-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower yields support gold but have no direct effect on feed grain supply or demand. It is routine market commentary with no new fundamental cause for feed buyers.

## Read by commodity

- DXY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2023/12/19/gold-holds-tight-range-as-traders-await-us-data-for-more-fed-cues.html

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