Gold Falls to $4,142 as Bond Yields Rise
The article focused on last week's performance of gold prices, which declined to $4,142 per ounce, marking a second consecutive week of losses due to ongoing rises in U.S. Treasury yields and weak American economic data. Despite the release of a weaker-than-expected jobs report in September, this did not boost gold prices, as the pressure from higher yields and dollar prices increased the cost of holding gold. U.S. yields continued to rise, prompting investors to reassess their expectations regarding monetary policy directions. They are also awaiting significant economic data and news in the U.S. markets, which could influence the trend of gold prices, especially as the $4,200 level remains a key resistance point. Meanwhile, the price of 24-karat gold per gram remained around 41.5 Kuwaiti dinars, with gold prices and market performance being affected by movements in the dollar, yields, oil, and geopolitical risks.
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