Gold Prices Hold Steady Despite Rising US Treasury Yields and Fed Rate Hike Expectations

Gold prices remain resilient above $4,300 despite 10-year US Treasury yields hitting 5% and increased expectations of a Federal Reserve rate hike. OCBC has raised its year-end 2026 gold price target to $4,600 per ounce, citing geopolitical risks in the Middle East and structural demand as key supports. Rising oil prices and persistent inflation concerns continue to drive market volatility, yet gold maintains its role as a hedge against macroeconomic uncertainty.