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Forex

Gold Steadies Below $4350 as Yields Offset Rate-Hold Bets

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Gold prices have steadied below $4,350 per ounce as rising Treasury yields offset expectations that the Federal Reserve will hold interest rates steady at its upcoming policy meeting.

The 10-year yield has increased to [yield level] from a week ago's [previous level], reflecting investor concerns over persistent inflation and robust economic data.

FedWatch Tool shows a [percentage]% chance of a rate hold, up from [percentage]% a month earlier, providing support for gold prices.

Gold has established support near $4,300-$4,320 zone, while resistance sits at the $4,400-$4,420 area, and analysts note that a breakout above $4,400 could trigger further buying.

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