Gold Falls as Stronger Dollar, Bond Yields Pressure Market: WGC
Gold | 2026-07-14 05:13:29 | By Paul Ploumis
The WGC noted that financial markets have become more uncertain following the appointment of Kevin Warsh as the new Federal Reserve Chair.
SEATTLE (Scrap Monster): Gold prices continued to face selling pressure last week as stronger U.S. Treasury yields, a firmer U.S. dollar, and renewed geopolitical tensions outclassed safe-haven demand, according to the latest weekly market update from the World Gold Council (WGC).
The LBMA Gold Price PM dropped 1.6% over the week to US$4,099 per ounce, taking its year-to-date decline to 6.2%. The conflict between the U.S. and Iran resurfaced after the ceasefire weakened. Escalated inflation concerns on account of higher oil prices reduced gold's appeal despite continued inflows into global gold exchange-traded funds (ETFs).
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The WGC noted that financial markets have become more uncertain following the appointment of Kevin Warsh as the new Federal Reserve Chair. There has been less forward guidance from the Fed and increased volatility in bond markets. These factors continue to support gold's role as a long-term portfolio hedge.
From a technical perspective, gold remains in a weak trend. Prices continue to trade below the 55-day moving average, suggesting that the recent recovery is only temporary. Immediate support is seen near US$4,075 per ounce, while stronger support lies in the US$3,857-US$3,887 range.