Gold Price Forecast: XAU/USD $4K Support Holds as Higher Yields Offset Weak U.S. Jobs Data - FXLeaders

AI desk brief

Gold is under pressure from a stronger dollar and elevated U.S. yields, with the 10-year Treasury above 5.25% and bullion closing Friday near $4,136/oz after a 3.75% weekly drop. Buyers are still defending the $4,000 area, but the failure near $4,700 suggests momentum has faded and a break below $4,000 would expose deeper losses.

The weak U.S. payroll print of just 29,000 jobs and slower 3.0% wage growth should limit Fed tightening risk, but so far it has not been enough to offset dollar and real-yield headwinds. The piece also flags Asia-led physical support, including China reserve accumulation, Singapore/Hong Kong infrastructure expansion, and Indonesia’s proposed 7.5%-15% export taxes on raw/semi-processed gold.