XAU/USD retreats after failing to hold above $4,165, pressured by rising Treasury yields and oil-driven inflation concerns.
Gold prices fell below $4,100 on Thursday, ending a four-day rally as US Treasury yields surged. The decline followed a rejection at $4,165, driven by higher oil prices above $90.00, which revived inflation worries.
Analysts view the recent recovery as short-lived, citing short covering rather than strong long-position builds. Concerns persist that rising oil prices could prompt further Fed rate hikes, limiting gold’s upside potential.
Technical indicators signal bearish momentum, with XAU/USD trading at $4,087.60. The 4-hour RSI nears the 50 midline, and a bearish MACD crossover suggests sellers are regaining control.