
Gold Stabilizes Near $4,300 as Traders Weigh Rate Risks Against Dip-Buying Momentum
Gold prices have stabilized around the $4,300 level after hitting a three-week low, with traders currently balancing bearish pressure from high interest rates against bullish technical support. The 10-year Treasury yield recently peaked at 4.814%, its highest since November 2023, before easing slightly, which provided a temporary reprieve for the metal. However, the US dollar remains strong near 99.67, and crude oil prices above $90 per barrel continue to support inflation fears, keeping pressure on gold. Market attention is now turning to Friday's nonfarm payrolls report, where a softer jobs number could trigger a repricing of September rate hike odds, currently estimated at 68%.












