Gold Rebounds 1.62% After Recent Pressure Amid Elevated Yields

Gold prices rebounded by 1.62% on September 29 after recent pressure, according to Aetram Group. The recovery followed a sharp decline in gold prices earlier due to rising U.S. Treasury yields and expectations of further monetary tightening.

The spot price of international gold closed at $4,182.24 per ounce, gaining 1.62% for the day. This marked a significant rebound from the recent weakness that saw gold prices stabilize near multi-week lows.

Aetram India Research noted that the recovery reflected renewed demand at lower levels, but movements in U.S. Treasury yields and expectations surrounding Federal Reserve policy continued to restrict broader momentum.