Gold Prices Stuck Near $4,000 Amid Weaker Dollar and Elevated Yields

Gold prices have been stuck near the critical $4,000 level as a weaker US dollar provides some support while elevated Treasury yields and resilient employment data hinder the metal's upside.

The latest US economic figures show slowing momentum, but strong labor market data may limit the Federal Reserve's urgency to ease monetary policy, keeping interest rates high.

Geopolitical developments, particularly regarding Iran and the Strait of Hormuz, could impact market sentiment and gold demand. The upcoming US non-farm payroll report is expected to be a key catalyst for gold prices, with potential implications for interest rates and Treasury yields.