'Gloomy' forecast for gold prices. - Vietnam.vn

AI desk brief

Gold fell from a Monday high of $4,149/oz to $3,852 on Thursday before stabilizing Friday, with the report attributing pressure to a stronger dollar and rising Treasury yields. Jesse Colombo sees $3,400–$3,500 as potential support if dollar strength persists, with a forceful support break opening a target around $3,500. FxPro’s Alex Kuptsikevich targets roughly $3,300, citing dollar strength and a 5% US 10-year Treasury yield, but says Fed policy could change that outlook. CPM Group offers a counterpoint: although the recovery failed at resistance, gold could rebound quickly if support holds over the next few sessions; the report does not specify those support levels.