Can gold avoid a weekly rout as high US yields bolster Fed rate hike bets? - www.tmgm.com

AI desk brief

Gold traded at $3,879, up 0.14% Friday but facing a nearly 4.5% weekly loss, as the report linked pressure to Fed tightening expectations and dollar strength. It cited a 5.15% US 10-year Treasury yield and CME pricing of roughly 90% odds of a 25-basis-point December hike; further dollar gains could weigh on bullion. The source’s bearish technical scenario targets $3,852, then $3,800 if that breaks; clearing $3,900 resistance could instead open $4,000. Traders next face FOMC minutes, retail sales and Fed remarks; the publication year is unspecified.