Gold Price Forecast: Global Debt Risks Raise Questions About the Next Gold Rally - Mitrade

AI desk brief

Gold remains pinned between two competing macro forces: rising global debt/fiscal worries may support reserve-asset demand, but higher Treasury yields and a firmer dollar are still the main short-term headwinds. Reuters reported spot gold down about 0.5% in the Asian session, while the note flags a recent 10-year U.S. yield move toward 5% as the key opportunity-cost driver for bullion.

The article’s stated reference levels are US$4,300 support, US$4,400–4,500 resistance, and US$4,150 on the downside. It also ties inflation expectations to oil, noting Brent around US$102.08/bbl and WTI around US$98.53/bbl, with Saudi exports recovering but supply risks still in play.