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Gold Continues to Struggle with Higher Rates
The gold market dropped a bit in the early part of the Monday session, as we continue to see interest rates move the metals markets. The gold market fell pretty significantly during the early hours here on Monday to break significantly below the $4600 level before bouncing. Part of what's driving this, of course, will be the interest rate situation in the United States as rates continue to rise. The 10-year yield is above the 4.41% level as I recorded in this video, and it suggests that there will continue to be resistance built into the gold market. That being said, the $4600 level is an area that a lot of people ... (full story)
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- May 5, 2026 4:34am Posted byTechnical Analysis151
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