Gold Prices Steadily, Bond Market Trends Shape Sentiment

After Tuesday’s sell-off, spot gold prices have stabilized in the $3,980-$3,990 range according to Odaily sources. However, pushing past the psychological barrier of $4,000 remains a challenge. The bond market is a key factor influencing current sentiment. This week, the 10-year U.S. Treasury yield hit its one-month high of 4.16%, potentially bolstering the USD and negatively impacting gold prices. If it continues to climb towards 4.21%, this could create pressure on the gold market.