Gold Prices Stalled Near $4,497 Resistance Amid Rising Yields

Gold prices stalled near $4,497 resistance as rising 10-year Treasury yields limited upside. The precious metal traded at $4,219.94, up slightly on the day in a marginal move.

The asset remains above its key moving averages in the short and medium term, with price action staying inside a relatively narrow, stable range.

Rising 10-year Treasury yields, now around 5.34%, and a stronger US dollar continue to restrict demand for gold, raising the opportunity cost of holding non-yielding assets like gold.

Overbought signals emerge as bullish momentum faces consolidation risk, with XAU trading above its MA-20 and MA-50 but below its MA-200.