Gold price bounce still lacks conviction below $4,200 as Treasury yields threaten fresh highs - investingLive

AI desk brief

Gold is trying to stabilise after Monday’s sharp selloff, but the bounce remains unconvincing while US Treasury yields hover near multi-decade highs. Spot is up 0.4% around $4,170 after briefly losing as much as 4% to ~$4,110 earlier in the week; sellers are still capping recovery attempts below $4,200 and the 100-hour moving average near $4,191, with $4,260 (200-hour MA) the next upside level.

The key macro headwind remains higher-for-longer rates: 10-year Treasury yields are around 5.28% after testing 5.30%, and even softer PCE data did not stop the move higher. The $4,100-$4,120 area has been defended for now, but the article frames this as consolidation rather than a confirmed reversal unless gold can reclaim $4,200 and yields stop threatening fresh highs.