"Gold Rises as Dollar Weakens and Traders Monitor U.S. Economic Data"

Gold prices rose as the U.S. dollar and Treasury yields declined, while investors awaited U.S. economic data that could provide insight into the Federal Reserve's interest rate path. The gains were supported by a weaker dollar and lower bond yields, reducing the opportunity cost of holding gold. The market expects the Federal Reserve to cut interest rates before achieving its 2% inflation target. Traders are closely watching upcoming U.S. economic data, including the core personal consumption expenditure index report, to gauge the timing of potential rate cuts. Swiss gold exports fell in November, partly due to reduced shipments to India. Spot silver and platinum also saw gains, while palladium rose for the seventh consecutive session.