Gold Price Forecast: Can Gold Maintain Ground Above $2,677 Amid Rising Yields?
Gold prices struggle around $2,688, attempting to hold above the pivotal $2,677 level. Recent US jobs data has bolstered the dollar, putting pressure on precious metals, including gold and silver. Despite these challenges, gold continues to showcase resilience in the market.
Traders should monitor the relationship between rising Treasury yields and gold prices closely. As market conditions evolve, maintaining awareness of these dynamics will be crucial for making informed trading decisions regarding gold and other precious metals.