Gold Price Falls Below $4,100 Amid Higher US Yields

The gold price forecast for XAU/USD has taken a hit as it pulls back below $4,100 due to higher US yields. This trend is weighed against the background of rising interest rates in the United States.

Investors are closely monitoring developments in the global economy and their impact on commodities like gold. Higher US yields tend to strengthen the dollar, making gold more expensive for holders of other currencies. As a result, the price of XAU/USD has declined below $4,100.