Gold (XAU) prices face pressure as high US Treasury yields and persistent inflation keep further rate hikes by the Fed in focus. The slow credit growth could weigh on the economy, while central bank buying may support demand for gold. In my view, support levels between $3,900 and $4,000 remain crucial to the broader outlook. This article presents the key economic drivers, trends in the US Treasury yield and technical levels that could shape the next move in gold.
Gold Price Forecast: High Treasury Yields Put $4,000 Support in Focus
By:
Key Points:
- High Treasury yields continue to pressure gold prices.
- The $3,900-$4,000 zone remains crucial support for gold.
- A break above $4,400 could bring $4,500 into focus.