Gold prices fell as US Treasury yields strengthened, with the market focusing on US economic data.

Gold prices retreated from a more than six-month high on Tuesday, with spot gold falling below $4,200 per ounce, partly due to rising US Treasury yields and profit-taking, while investors awaited US economic data to gauge the Federal Reserve's policy path. The benchmark 10-year Treasury yield remained near a two-week high, diminishing the appeal of gold as a non-interest-bearing asset. Tim Wot, chief market analyst at KCM Trade, noted, "Gold performed weakly today, but the fundamentals remain unchanged—including the expected Fed rate cut, which should support prices from a yield perspective." Market sentiment is cautious, with expectations that the Fed's preferred inflation gauge, the core PCE price index, to be released on Friday, will remain moderate. In addition, key US data this week includes Wednesday's November ADP employment report. (Golden Ten)