Gold Price Tumbles Amid Hawkish Fed and Bond Selloff
The price of gold (XAU/USD) has been trading at $4,281 due to downward pressure from a strengthening U.S. Dollar and rising Treasury yields.
The near-term outlook for gold remains bearish with key support at $4,252 and resistance at $4,302.
FOMC members continue to advocate for tighter monetary policy, contributing to the negative sentiment around gold.