LIVE MARKET ALERT Gold futures are moving lower in intraday trade, with spot prices quoted at 4982.3 per ounce, down 1.24%. The pullback reflects persistent strength in the U.S. dollar and a modest uptick in Treasury yields, both of which are limiting appetite for the precious metal and encouraging profit-taking after recent gains.
Market participants continue to monitor movement in currency markets and interest-rate expectations as these remain key influences on bullion performance. While longer-term demand for safe-haven assets is intact, intraday sentiment is tilting slightly bearish as technical resistance levels weigh on short-term positioning.
Key Drivers:
• A stronger U.S. dollar is putting near-term pressure on gold prices by making the metal more expensive for non-dollar holders.
• Profit-taking and technical resistance levels are limiting upside momentum in the current trading session.
This market commentary is provided for informational purposes only and does not constitute financial advice. Trading commodities involves risk and may not be suitable for all investors.
Gold Prices Slip Amid Profit-Taking and Stronger Dollar
"Gold slips 1.24% to $4982.3/oz as a stronger U.S. dollar, rising Treasury yields, profit-taking, and technical resistance curb short-term bullish momentum."
Market participants continue to monitor movement in currency markets and interest-rate expectations as these remain key influences on bullion performance. While longer-term demand for safe-haven assets is intact, intraday sentiment is tilting slightly bearish as technical resistance levels weigh on short-term positioning.
Key Drivers:
• A stronger U.S. dollar is putting near-term pressure on gold prices by making the metal more expensive for non-dollar holders.
• Profit-taking and technical resistance levels are limiting upside momentum in the current trading session.
This market commentary is provided for informational purposes only and does not constitute financial advice. Trading commodities involves risk and may not be suitable for all investors.