Gold Faces Pressure from Strong Dollar and Rising Yields Despite Geopolitical Risks
Gold prices are under pressure as a stronger U.S. dollar and rising Treasury yields offset safe-haven demand from geopolitical tensions. The PHLX Gold/Silver Sector (XAU) is retreating despite elevated risks in the Strait of Hormuz and oil prices above $100. Newmont Mining and AngloGold are also affected by Ghana's directive to use local contractors by December 2026.
Topics: AngloGold geopolitical risk gold Newmont Mining safe-haven U.S. dollar