US Treasury Yields

Gold struggles to extend gains as U.S. rates remain elevated, while USD/JPY finds support from the wide interest rate differential despite Bank of Japan intervention.

Gold extended its short-term recovery after gaining nearly 2%, stabilizing around $4,082 per ounce while staying above the key $4,000 psychological level. The rebound remains technically fragile as a stronger US dollar, higher Treasury yields, and bearish medium-term indicators continue to cap upside momentum.

Gold has recovered part of its recent losses after buyers defended the area near $4,020 per ounce, while the broader daily trend remains under bearish pressure. Traders are watching whether the metal can hold above $4,000 and challenge $4,200 as the next major resistance zone.

Gold recovered part of its recent decline after buyers stepped in near the $4,020 area, lifting prices toward $4,110. The broader XAU/USD picture remains bearish in the medium term, while a short-term corrective rebound depends on whether prices can hold above $4,000 and challenge $4,200.

Gold is stabilizing above the key $4,000 area as traders await the US Non-Farm Payrolls release for signals on the Federal Reserve’s policy path. Technical indicators still urge caution, with downward-sloping moving averages and resistance levels limiting confidence in a sustained rebound.