XAUUSD Gold Price Drops as Treasury Yields Rise and Investors Take Profits – Latest Forecast & Analysis
Key Points:Gold prices pull back after Friday’s rally as profit-taking sets in and yields rebound from a five-week low.Weak U.S. payrolls data fuels Fed rate cut bets, with CME FedWatch showing a 78% chance of a September cut.Despite Monday’s retreat, gold holds above key support at $3342.90 and pivot level near $3353.58.Gold Prices Ease After Friday Surge as Traders Eye CPI and Fed Policy CluesGold prices are trading slightly lower on Monday, giving back part of last week’s sharp rally that fol