Gold price struggles amid concerns over interest rates and bond yields

Gold and silver prices remain steady as bulls attempt to stabilize the market, but are still near multi-month lows due to the strength of the U.S. dollar and high U.S. Treasury yields. The ouster of the U.S. Speaker of the House of Representatives and the ongoing U.S. Treasury sell-off have contributed to a lack of risk appetite in the market. Traders are looking ahead to Friday's employment report for potential impact on the market. The U.S. dollar index is weaker after hitting a 10-month high, while Nymex crude oil prices are lower. Technical analysis shows that bears have the advantage in both gold and silver futures.