黄金再度看向 $4,200，但债券市场仍掌握关键
Gold eyes another run at $4,200 but the bond market still holds the key
Gold is trying to hit the $4,200 mark again, but bond markets will still have a decisive influence on the ensuing rebound. Hot inflation data last week led traders to predict that the probability of the Federal Reserve raising interest rates in December was about 90%, and the 10-year U.S. Treasury yield was still above 5%, putting pressure on the non-interest-bearing asset gold. Technically, $4,100 is the key support below. If it falls below, it may look towards the psychological barrier of $4,000; if it stands at $4,200, it needs to break through the $4,239 area.
Gold is testing high territory again, but the core variable is not technical but the bond market. Hot inflation has strengthened expectations for a rate hike by the Federal Reserve in December, and the 10-year U.S. Treasury yield remains high, continuing to put opportunity cost pressure on non-interest-bearing gold. Traders should focus on observing the interaction between U.S. bond yields and key support and resistance, rather than simply pursuing price breakthroughs. In particular, they need to guard against the constraints on the sustainability of the rebound caused by rising yields.
原文梳理了黄金反弹与美债收益率、美联储加息预期的联动，并给出 $4,100 和 $4,200 两个关键位的技术含义。
来源：ForexLive · investinglive.com