Gold futures rise as U.S. Treasury yields and the dollar slide. The traditional correlations between gold and yields are weakening, however, with the market also taking note of central banks ramping up purchases.

Treasury yields retreated early Wednesday ahead of a bumper batch of U.S. economic data before the Thanksgiving holiday on Thursday.

Treasury yields and the dollar remain weak as data bring little reason to change forecasts for Fed cuts. Durable goods orders in October increased by 0.2% after shrinking a revised 0.4% in September and missing forecast of a 0.