Gold Bulls Eye $4,380 as Falling US Yields Lift XAU/USD
Gold consolidates after a nearly $200 weekly gain, with bulls targeting $4,380 as declining US Treasury yields diminish expectations for near-term Fed rate hikes.
Gold (XAU/USD) is consolidating after a sharp rally that added roughly $200 this week. The precious metal remains well-supported as US Treasury yields trend lower, reflecting a shift in market expectations for Federal Reserve policy.
With traders dialing down bets on immediate Fed rate hikes, yields have declined, boosting the appeal of non-yielding assets like gold. The price action suggests bulls are gaining momentum, with the next target around $4,380.
The move comes amid broader dollar weakness and recalibrated interest rate outlooks. Gold's safe-haven demand has also been underpinned by global economic uncertainties.
Source: FXStreet Forex News