Gold Rises to $2,409.97 as Dollar, Treasury Yields Fall

Gold prices advanced on Tuesday, buoyed by a decline in the U.S. dollar and falling yields on U.S. Treasury securities. Market participants are closely watching the upcoming U.S. nonfarm payrolls report, which may shape expectations for the Federal Reserve’s next monetary policy move.

The spot price of gold rose 0.5 percent to $2,409.97 per ounce. That level marks a recovery from the lowest point reached in nearly one month during the previous trading session.