Gold gains as Treasury yields dip; hawkish Fed caps upside

​​​On Wednesday, the ADP National Employment report showed private employers increased hiring last month, while separately the Institute for Supply Management's (ISM) non-manufacturing PMI reading came in slightly above expectations, suggesting underlying strength in the economy despite rising interest rates. Investors are likely to shift focus to U.S. nonfarm payrolls data due on Friday.

Gold gains as Treasury yields dip; hawkish Fed caps upside
​​​On Wednesday, the ADP National Employment report showed private employers increased hiring last month, while separately the Institute for Supply Management's (ISM) non-manufacturing PMI reading came in slightly above expectations, suggesting underlying strength in the economy despite rising interest rates. Investors are likely to shift focus to U.S. nonfarm payrolls data due on Friday.