đš GOLD BEARS TIGHTEN THEIR GRIP AS FED HIKE BETS RISE
Gold (XAU/USD) slipped to a one-week low near $4,260 as rising U.S. Treasury yields and a stronger Dollar increased pressure on the precious metal.
đ Key Points:
âą Gold fell to around $4,260
âą U.S. 10Y Treasury yield climbed to ~5.15%
âą October Fed hike odds rose to ~75%
âą U.S. Composite PMI jumped to a 5-year high of 58.4
âą Dollar Index reached a 2-month high near 101.27
đ Market Insight:
Higher yields and a stronger U.S. Dollar are keeping Gold under pressure. A break below the $4,235 area would put further downside levels in focus, while $4,308â$4,311 is an important resistance zone.
đ Levels to Watch:
đ» Support: $4,235
đș Resistance: $4,308â$4,311
â ïž Next downside level: $4,227
#Gold #GoldPrice #Fed #usd #TreasuryYields $XAU
Gold (XAU/USD) slipped to a one-week low near $4,260 as rising U.S. Treasury yields and a stronger Dollar increased pressure on the precious metal.
đ Key Points:
âą Gold fell to around $4,260
âą U.S. 10Y Treasury yield climbed to ~5.15%
âą October Fed hike odds rose to ~75%
âą U.S. Composite PMI jumped to a 5-year high of 58.4
âą Dollar Index reached a 2-month high near 101.27
đ Market Insight:
Higher yields and a stronger U.S. Dollar are keeping Gold under pressure. A break below the $4,235 area would put further downside levels in focus, while $4,308â$4,311 is an important resistance zone.
đ Levels to Watch:
đ» Support: $4,235
đș Resistance: $4,308â$4,311
â ïž Next downside level: $4,227
#Gold #GoldPrice #Fed #usd #TreasuryYields $XAU
