Gold prices dipped further, with XAU/USD edging towards the $2,730 mark as investors embraced riskier assets amid improving market sentiment. The correction comes as bond yields ticked higher, diminishing the appeal of non-yielding bullion. A stronger dollar also exerted pressure on the precious metal, leaving traders cautious ahead of key economic data releases.
Source – FXStreet
Analysts point to profit-taking after gold’s recent rally, which had pushed prices near record highs. The move highlights a recalibration of expectations as markets await signals from the Federal Reserve regarding interest rates. With broader risk appetite returning, XAU/USD’s near-term trajectory may hinge on upcoming inflation reports and central bank commentary.
