Gold (XAUUSD) Price Forecast: Can Gold Rally If Treasury Yields Stay Elevated?

Yields and the U.S. Dollar are other factors weighing on prices. The war between the U.S. and Iran is driving oil prices higher, which is feeding inflation concerns. These worries have been enough to push Treasury yields up, while reducing Federal Reserve rate cut expectations. Besides the central bank selling, the jump in yields may have given gold prices a meaningful nudge lower. That’s one factor that the gold bulls don’t seem to want to acknowledge. While they seem to be zeroed in on the geopolitical ri ...