Gold falls below $4,500 on rising global rate hike bets

💡 DMK Insight

Gold’s recent dip near $4,480 signals a critical moment for traders: persistent inflation fears are pressuring prices and keeping yields elevated. With inflation data continuing to loom large, traders should be wary of how this affects the broader market. High Treasury yields typically draw investors away from non-yielding assets like gold, and with the metal hitting its lowest point since March 30, it’s clear that sentiment is shifting. If gold can’t hold above this level, we might see further declines, potentially testing support around $4,400. Watch for any shifts in inflation data or Fed commentary that could influence interest rate expectations, as these will be key drivers for gold’s trajectory. On the flip side, if inflation fears escalate or geopolitical tensions rise, gold could see a rebound. But for now, the trend seems bearish, and traders should monitor the $4,480 resistance closely. A decisive break below could trigger further selling pressure, while a recovery above this level might indicate a potential reversal.