Gold dips under $4,200 as rising yields and Fed jitters hit bullion
The post Gold dips under $4,200 as rising yields and Fed jitters hit bullion appeared on BitcoinEthereumNews.com. Gold (XAU/USD) retreats on Monday as traders brace for the Federal Reserve (Fed) meeting, where the central bank is expected to deliver its third consecutive rate cut, ahead of 2026. At the time of writing, XAU/USD trades at $4,195, down 0.27%, after hitting a daily high of $4,219,. US Treasury yields pressure Gold; Fed decision and geopolitics drive outlook The rise of US Treasury yields is capping bullion’s advance, with sellers driving spot prices below $4,200. A Fed cut on Wednesday could pump Gold prices up, with the non-yielding metal tending to fare well in low-interest-rate environments, meaning that further upside is seen in the near term. The outcome of the meeting could set the tone for Gold’s direction, as a ‘hawkish cut’ could cap Gold’s advance. On the other hand, the lack of progress of a peace deal between Russia and Ukraine could underpin the yellow metal, which so far is poised to end the year with gains of close to 60%. On Tuesday, the US data docket will feature the ADP Employment Change 4-week average, alongside the Job Openings and Labor Turnover (JOLTS) report for September and October. Daily digest market movers: US Treasury yields, pressure Gold prices US Treasury yields are rising. The 10-year benchmark note rate is up nearly three basis points at 4.168%. US real yields, which correlate inversely with Gold prices, are also rising three bps to 1.908%, a headwind for bullion. The US Dollar Index (DXY), which tracks the American’s currency performance against other six, is up 0.11% at 99.09 Geopolitics continued to play its role with Gold prices as newswires revealed that Ukrainian President Volodymyr Zelenskiy met with European leaders in London, as Washington pressures Kyiv to agree to a proposed peace deal with Russia. Zelenskiy said that China is not interested…
BitcoinEthereumNews2025/12/09 04:17