December Gold futures rally stalls after reaching 13-session high.

December Gold futures paused after a four-session rally, as anticipation grows for the release of long-delayed economic data following a potential government reopening. Many market participants anticipate that this data will push the Federal Reserve more firmly toward their easing cycle, as Fed Chair Jerome Powell previously stated the lack of data was causing the central bank to "slow down." Traders are cautious about how the delayed data will be disseminated and its effect on Gold futures prices. U.S. Treasury yields continued their rally for a third consecutive day, putting pressure on Gold futures. The 10-Year yield reached 4.13%, its highest level since October 9th. Assets that pay yield, such as U.S. Treasuries, tend to be Gold's biggest competitor for investor dollars, establishing a clear trend for stronger yields in the medium term.