• Gold is back above $4100 on the post-midterms squeeze and testing trendline resistance

• The UST rally is helping, with the 10-year below 4.90%

• Narrative building that slower AI build-outs ease fears of AI crowding out UST demand

• Resistance: $4203 (100DMA), then $4400

• With gold up over 5% in the last two sessions, we could start to see some consolidation in the short run

• US payrolls are the next event risk in focus
Gold in 2026

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))