Gold prices experienced a dip on Tuesday, falling below $4,200 per ounce after reaching a six-month high. This decline is attributed to rising U.S. Treasury yields, prompting investors to take profits, according to Odaily. As investors await crucial U.S. economic data that will help determine the Federal Reserve’s policy direction, the appeal of non-yielding assets like gold has waned. Tim Water, Chief Market Analyst at KCM Trade, emphasized that while today’s performance was subdued, underlying fundamentals remain unchanged, including anticipated Fed rate cuts which should support gold prices in terms of yield. The market remains cautious as key economic data releases such as the PCE price index on Friday and the November ADP employment report this Wednesday await further analysis.