Gold rose then steadied on Tuesday as traders weighed oil's decline, which eases energy-driven inflation pressures, against elevated US Treasury yields that limit gains. The 30-year US Treasury yield climbed for a sixth straight session to its highest since 2002; higher bond yields typically dent demand for non-yielding gold. Markets will focus on Wednesday's personal consumption expenditures (PCE) inflation data, the Federal Reserve's preferred gauge, and Friday's nonfarm payrolls for signals o

Gold rose then steadied on Tuesday as traders weighed oil's decline, which eases energy-driven inflation pressures, against elevated US Treasury yields that limit gains. The 30-year US Treasury yield climbed for a sixth straight session to its highest since 2002; higher bond yields typically dent demand for non-yielding gold. Markets will focus on Wednesday's personal consumption expenditures (PCE) inflation data, the Federal Reserve's preferred gauge, and Friday's nonfarm payrolls for signals on the interest-rate path.