"Gold Prices React to Rising Treasury Yields and Dollar Strength"
Gold prices slumped as U.S. Treasury yields rebounded and the U.S. dollar strengthened, prompting a reassessment of the precious metal's bullish outlook. The surge in U.S. Treasury rates, with the 10-year bond surpassing 4.0%, boosted the dollar and weighed on gold, erasing last month's gains and nearing a key support level. The Federal Reserve's reluctance to ease its stance amid a resilient U.S. economy and stalled disinflation progress further dampened gold's prospects, with technical analysis indicating potential support and resistance levels to watch.