Gold Price Forecast: Rising Treasury Yields Pressure Gold Ahead of Fed Decision
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Key Points:
- The Fed meeting could determine whether gold breaks out of its current consolidation range.
- Rising U.S. Treasury yields continue to limit gold's upside despite easing inflation pressures.
- A break above $4,200 could revive the long-term bullish trend, while $3,950 remains the key downside level.
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Gold (XAU) prices exhibit compression patterns before the Fed decision. In my view, gold may remain under short-term pressure while Treasury yields stay elevated but this correction could prepare the market for the next long-term rally. This article examines the Fed outlook, inflation risks, nominal GDP growth, Treasury yields and the key technical levels that may shape the next move in gold.