Gold prices are consolidating below $2,750 as mixed factors influence the market. Rebounding U.S. Treasury yields and a stronger U.S. Dollar, driven by President Trump’s tariff threats, are limiting gold’s upside. While inflation concerns stemming from potential trade policies support gold’s appeal as a safe haven, expectations of Federal Reserve rate cuts are capping gains in U.S. bond yields, keeping traders cautious.
The XAU/USD remains resilient, holding above key support levels near $2,725 and $2,730, with technical indicators suggesting an upward bias. Immediate resistance lies around $2,755-$2,757, with a potential move to $2,800 if buying momentum strengthens. Focus now shifts to U.S. economic data and the upcoming Federal Open Market Committee (FOMC) decision, which could influence gold’s next directional move.


