Gold Price Forecast: Rising Treasury Yields Could Push Gold Toward $3,500
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Key Points:
- Rising U.S. Treasury yields continue to pressure gold and limit the strength of any recovery.
- Gold’s current correction may extend further before a meaningful bottom develops.
- The gold-silver ratio continues to signal downside risk across the precious metals market.
Gold (XAU) price remains under pressure as the bullish structure in US Treasury yields limits rallies in the precious metals. In my view, the recent correction in the gold price is still not over, and prices may continue to decline further before the meaningful recovery. This article examines the Treasury yield outlook, real yields, the gold price structure and the gold-to-silver ratio to determine the next move in the gold market.