Gold Eyes a Test of $4,215 as Momentum Fades and Yields Rise

World Gold Council analysts say gold may slip toward $4,215/oz as short-term momentum fades and rising global yields pressure prices, with initial support near $4,311 and the 55-day average around $4,215; resistance is seen at about $4,474 and the 200-day average around $4,530, and a move above could lift the near-term trend, though the market may continue in a sideways range amid hawkish Fed signals and higher yields.