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[Gold Prices Approach the $4,000 Mark, U.S. Treasury Yields May Pose Pressure] Analyst Justin Low stated that spot gold prices rebounded to the $3,980-$3,990 range on Tuesday after a sell-off, but lacked the momentum to break through the psychological $4,000 level. The 10-year U.S. Treasury yield rose to 4.16% yesterday, hitting a one-month high. If it continues climbing to 4.21%, it could boost the dollar's performance and exert pressure on sentiment in the gold market. Recent U.S. private sector economic data slightly exceeded expectations, which may influence the Federal Reserve's December decision. Traders are pricing in a roughly 61% probability of a 25 basis point rate cut in December, but uncertainty remains, and adjustments to rate cut expectations could have a significant impact on gold prices. Additionally, the seasonal bullish cycle for precious metals from December to January is approaching.

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