Key Points:
Gold remains supported above $5,000 as falling yields and a weaker dollar improve the macro backdrop and sustain bullish momentum.
Sticky core inflation near 2.5% and solid job growth of 130,000 suggest the Fed will likely stay cautious and keep easing gradual.
Technical consolidation below $5,600 and breakout signals from cross-market ratios point to a potential upside move above $6,000 in the coming months.
Gold (XAU) prices increase above $5,000 following softer inflation figures and lower US Treasury yields. In my opinion, the mixed macro environment of resilient job growth, sticky core inflation and declining yields creates the backdrop for a period of consolidation. These consolidations are considered positive signs for the precious metals sector. This article presents labour market trends, Fed policy expectations, technical price structure and cross market signals to understand the next move in gold.
Similarly, the short formation of ascending triangle from October to December 2025 indicated a quick move after the breakout from $4,400. However, when the price reached $5,400, it spiked above this level but quickly reversed back to form strong support at $4,400, which was the support of the previous triangle.