Gold under strong pressure.. High US yields and a strong dollar are dominating the market. I checked today’s gold analysis, and indeed the situation is a bit critical—the prices slipped below $4,500, and the pressures continue from all directions.

The story is simple: US yields have reached their highest level in more than a year, and the dollar is very strong right now. This means that the cost of holding gold has increased, and investors prefer assets that generate returns over gold. Federal Reserve officials have been hawkish in their recent statements, which has reinforced the market’s belief that interest rates will remain high for longer.

But there’s a point that’s leaving markets a bit puzzled—conflicting messages from Washington about Iran. Trump warns of military strikes, but the vice president talks about progress in negotiations. This ambiguity has kept some precautionary demand for gold, but it isn’t enough to offset the other pressures.

From a technical standpoint, the picture was negative for a while, but there are some signs of a slight improvement. Today’s gold analysis shows that technical indicators are starting to give positive signals: the MACD indicator has started moving upward, and the RSI is nearing buy zones. If the price stabilizes above $4,600, we could see a breakout toward $4,700 or even $4,750.

Major financial institutions have differed in their expectations. Barclays is pessimistic and expects a range of $4,380 - $4,520. BNP Paribas is more balanced and expects $4,420 - $4,600. Bank of America believes the market is in a repositioning phase, and we may see sharp volatility before prices stabilize.

The real key is the minutes of the Federal Reserve—if they are more hawkish than expected, we could see additional pressure on gold. But if signs of inflation slowing down or a shift in monetary policy trends appear, gold could rebound quickly. Today’s gold analysis confirms that the market is waiting for these data cautiously.