Gold Prices Stall as Fed Tightening Bets Weigh Heavily

The price of Gold (XAU) remains below its key moving averages, indicating limited upward momentum in the current session. The metal is trading at $4,159.56, marking a modest gain for the day.

Rising expectations of further Federal Reserve tightening are raising the opportunity cost of holding gold and pressure demand. Higher US Treasury yields and a strong US dollar reduce gold's relative attractiveness versus other assets.

A 73% probability of a downward move is projected, with the price expected to consolidate between $4,049 to $4,260 in the short term. The baseline scenario calls for consolidation within this corridor, but a breakout above immediate resistance could shift momentum higher.