Gold Slides Below $4,300 as Higher Yields Lift the Dollar

Gold prices came under renewed pressure on Tuesday as rising Treasury yields and expectations for additional US monetary tightening reduced the appeal of non-yielding bullion. Spot gold was around $4,319 per ounce in early trading after earlier weakness, while US gold futures traded near $4,356. The market remains sensitive to every shift in expectations for the Federal Reserve. The Fed raised rates by 25 basis points last week and maintained a warning that inflation remains a concern. Markets are now pricing a substantially higher probability of another increase in December, keeping real yields and the dollar important drivers for gold. Geopolitical risk continues to provide a counterweight. Middle East tensions and uncertainty around energy supplies can support safe-haven demand, but that support can be overwhelmed when yields rise quickly. The dollar index was around 100.5, adding another headwind for bullion because a stronger US currency makes gold more expensive for buyers using other currencies. MarketMindFX View: XAU/USD is testing the area around $4,300. A sustained move below that level would put $4,250 in focus, while recovery toward $4,400 would indicate that safe-haven demand is regaining control. Key Levels: Gold Support: $4,300, $4,250 Gold Resistance: $4,400, $4,450 Source: Reuters, September 22, 2026. MarketMindFX analysis.