Chart of the day: Gold price hangs by a thread at $4,000 as bond market risks loom - investingLive

AI desk brief

Gold is hanging on around the $4,000 level, with the article flagging a vulnerable technical setup after repeated lower highs and rejection near $4,200. A break below $4,000 would put the June/July lows at $3,958-60 under pressure and expose the 100-week moving average around $3,870; a rebound above $4,100-17 would ease the immediate downside risk.

The main macro trigger is the bond market: 10-year Treasury yields remain just under 5%, and any renewed move higher after the Fed decision and PCE inflation data could add to selling pressure. The piece also warns that a sharp equity selloff tied to big-tech earnings could initially support gold as a safe haven, but disorderly risk liquidation could force investors to sell gold to raise cash.