Gold Price Forecast: Rising Oil Revives Inflation Risks as Gold Tests $4,000
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Key Points:
- Gold remains under pressure near the $3,950 to $4,200 support zone.
- Softer inflation supports gold, but rising real yields remain the main risk.
- The long-term bullish structure stays intact despite the current correction.
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Gold (XAU) prices remain under pressure near the important $3,950 to $4,200 support zone despite softer US inflation, lower Treasury yields and a weaker dollar. The broader outlook still points to the long term bullish trend. But rising oil prices, stronger credit growth and the direction of real yields will shape the next move. This article examines the inflation outlook, Fed policy and the technical levels that may decide whether gold extends its correction or begins another major rally.