This post is from a suggested group
Gold bulls hit 100-day SMA wall as US yields bite
Gold stalls below the 100-day SMA as Treasury yields bite.
Fed hike odds near certainty, keeping non-yielding bullion pressured.
A break below $4,275 could reopen broader downside momentum.
Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields weighed on the non-yielding metal. At the time of writing, the XAU/USD pair trades at $4,295, down 0.06%.
XAU/USD stalls beneath key resistance as Fed hike becomes near certainty
The Houthis' attack on the Saudi Arabia East-West Oil pipeline pushed energy prices higher and would shut production of around 7 million barrels a day for at least three to five weeks. Investors fearful of another round of inflation pushed the US 10-year Treasury yield past the 5% threshold to levels not seen in almost 19 years, before stabilizing at…

