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Gold struggles to regain footing after retreat from $4,400 highs

Gold slid from September highs above $4,400 an ounce, as a stronger US dollar and rising Treasury yields pressured the metal while central banks and gold-backed ETFs kept accumulating bullion.

Reported · Written up by our desk · Precious Metals

Gold is struggling to regain its footing after retreating from September highs above $4,400 an ounce, according to OilPrice. The outlet links the weakness to a stronger US dollar, surging Treasury yields, and expectations for further Federal Reserve tightening.

OilPrice also notes that, despite speculative investors reducing exposure, central banks and gold-backed exchange-traded funds have continued to accumulate bullion.

The report frames the current environment as a tug-of-war between investor positioning and ongoing demand from official-sector buyers and commodity-linked funds.

Latest closeGold $4,157.80 ▲0.4%

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