Gold Consolidates at $4156 Amid Macro Headwinds

Gold is currently navigating a complex macroeconomic environment where rising US Treasury yields are increasing the opportunity cost of holding non-yielding assets. Despite this pressure, the metal continues to find support from ongoing geopolitical tensions and structural central bank buying, which remains a key pillar of the current bull market. The US dollar index continues to exert downward pressure on spot prices, forcing traders to closely monitor real yield fluctuations. While dovish repricing of Federal Reserve policy offers a potential floor, the immediate price action remains sensitive to shifts in institutional liquidity and broader risk sentiment. We advise maintaining a cautious stance as the market tests key support levels near the $4100 mark.