Just as market participants were worried about the continuous rise in US long-term bond yields, the US Treasury resolutely intervened in the market on a large scale to repurchase US long-term bonds, hoping to improve the liquidity of US long-term bonds and the borrowing costs of the US government. As a result, US bond prices rebounded across the board, while yields fell significantly.

This sudden move by the US Treasury reflects that relevant officials are closely monitoring the negative impact of the continuous rise in US long-term bond yields on the economy and the resulting increase in borrowing rates across the US society. Since the Treasury has made it clear that it will not allow US long-term bond yields to rise arbitrarily, investors’ risk tolerance for buying gold will likely improve, providing impetus for a rebound in gold prices.

Gold prices may fluctuate between $4,462 and $4,564 in the short term. Pay close attention to the lower end of this range for potential buying opportunities, as there is short-term upside potential. $4,442 can be considered an important price defense reference point; appropriate risk management is essential.

Risk Warning: This article is for market analysis purposes only. Price ranges and levels mentioned are for market observation and reference only and do not constitute any investment advice. Precious metal prices are highly volatile; please make independent and prudent decisions and manage your own risks.

Gold price chart (1 hour):

Ferris Kwok

Chief Analyst
Success Finance Group

Email: ferris.kwok@successfn.com