Gold prices fell on January 6 as U.S. Treasury yields rose, reducing gold's appeal. The Federal Reserve hinted at slower rate cuts in 2025, causing investors to focus on upcoming economic data for further insights into the Fed's outlook. Spot gold dropped by 0.2%, while U.S. gold futures declined by 0.3%.

WisdomTree's Nitesh Shah noted that rising bond yields pressured gold, with the 10-year U.S. Treasury yield hitting an 8-month high. Shah also forecasted that gold could reach $3,050 per ounce by year-end if inflation remains high and if Middle East tensions escalate.

Gold Prices Fall as U.S. Treasury Yields Rise and Investors Eye Economic Data

Jan 07 2025