Gold Price Forecast: Can XAUUSD Defend $4,400 as Treasury Yields Rise?
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Key Points:
- Gold remains under short-term pressure as a strong U.S. dollar, high Treasury yields, and volatile oil prices weigh on XAUUSD.
- Gold needs to defend the $4,400–$4,500 support zone before any stronger recovery.
- Improving liquidity, weaker freight activity, and strong physical flows suggest the broader bullish trend despite near-term pressure.
Gold (XAU) remains under pressure as a strong U.S. dollar, high Treasury yields and volatile oil prices continue to weigh on the metal. I think this correction may continue a bit further before gold is able to establish a solid foundation to support the next move higher. The key question now is whether this weakness becomes a deeper breakdown or the final pullback before gold resumes its long term bullish trend.