Gold recently surpassed the significant $2,000 mark, with eyes set on the upcoming Federal Open Market Committee (FOMC) meeting. Despite the 10-year Treasury yield hitting its highest since 2007, gold remains resilient. The U.S. Dollar’s strength, coupled with geopolitical tensions in the Middle East, has bolstered both the greenback and gold. Historically, gold has been sensitive to geopolitical shifts, and any sudden changes could impact its price trajectory. Technical indicators, like the recent hammer-shaped candlestick pattern, suggest potential market shifts. With bond yields playing a pivotal role in gold’s price movement, the market remains in a state of flux, awaiting clear directional cues.