FX.co ★ XAU/USD (GOLD)

XAU/USD Awaiting US JOLTS jobs data, gold rises off eight-week lows at $4,110 early on Tuesday. Alongside US Treasury yields, the US dollar enters a bullish consolidation; bets on a Fed rate hike continue. A falling wedge breakdown Gold confirms a falling wedge breakdown, but the daily RSI remains negative. After hitting an eight-week low of $4,110 on Monday, gold makes a mild comeback, halting the steep sell-off early on Tuesday. As the US jobs data approaches, gold is still at risk. The US dollar (USD) is entering a phase of positive consolidation along with the yields on US Treasury bonds, while gold is seeing a dead cat bounce as sellers take a break. The benchmark 10-year US Treasury yield reached a 19-year high over 5.27% on Monday as the global bond crisis intensified, making the monthly sell-off the largest in two years. Global stocks saw a severe meltdown as a result of rising yields, which reduced their appeal as an alternative investment. Gold fell over 4% as a result of a "sell everything" mentality. To offset their losses in the stock and bond markets, investors sold their gold long bets. Increased bets on an October US Federal Reserve (Fed) interest rate hike strengthened the USD and heavily burdened non-yielding assets like gold, also presenting challenges for the precious metal. The FedWatch Tool from CME Group indicates that markets are pricing in a 70% chance of a rate hike in

yields, including US Treasury bond yields, are kept at higher levels by rising oil prices in the midst of the US-Iran standoff and fresh threats of US strikes on Iran. These present bullion with a significant chance of decline. {"data-align":"center","data-size":"custom","data-tempid":"temp_5245997_1790664888536_265","height":"376","title":"TSLA_2026-09-29_11-53-37.png","width":"670"}