Gold stays pressured by high real yields and solid US growth, with $4,000 support key and a break below $3,900 risking further losses.

Gold prices continued to feel the squeeze on Thursday as the Federal Reserve left interest rates unchanged, keeping real yields elevated. The metal’s price action is now caught between a crucial $4,000 per ounce support level and a $3,900 barrier that could trigger a sharper decline if breached.

Real yields keep gold in the crosshairs

• U.S. Treasury yields remain high, pushing real yields above the level that typically favours gold
• Strong domestic growth in the United States adds to the appeal of dollar‑denominated assets

Inflation data could tip the balance

• Traders are waiting for today’s US inflation numbers, which may confirm whether real yields will stay elevated
• A surprise on the data could either reinforce the current pressure or offer a brief rally for the yellow metal

What traders are watching next

• If gold slides below $3,900, the next technical support lies near $3,800
• A sustained hold above $4,000 could attract buying interest, especially if inflation comes in cooler than expected

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This article is compiled from international market news for information only. It is not investment advice.