Gold Price Forecast: XAU/USD holds near $4,700 despite high US yields
Gold (XAU/USD) ticks lower for the second consecutive day on Wednesday, but remains steady, halfway through the weekly trading range, trading a few pips below $4,700 at the time of writing.
Gold prices may continue to face downward pressure due to high US yields, potentially breaking below the $4,700 level. However, if the market stabilizes, a rebound towards this level could occur.
Gold (XAU/USD) ticks lower for the second consecutive day on Wednesday, but remains steady, halfway through the weekly trading range, trading a few pips below $4,700 at the time of writing.
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