Gold slips under $3,900 to a year-to-date low as hawkish Fed remarks lift dollar and yields

Gold (XAU/USD) dropped to roughly $3,880 on Friday, according to FXStreet, marking a fresh year-to-date low and its first trade below $3,900 since October of last year. Other outlets described the move as a break of the $3,886 support level.

The US dollar and Treasury yields edged higher during the session, and risk appetite weakened. Reports tied the pressure to hawkish Fed rhetoric, including remarks from a Dallas Fed official. One report added that global equities were also falling, and another pointed to higher oil prices as a source of concern.

FXStreet noted that markets have partly scaled back bets on a Fed rate increase after strong third-quarter growth and firm core PCE inflation. A higher expected policy rate lifts the opportunity cost of holding gold, which pays no interest, and a stronger dollar makes it pricier for non-US buyers.

Several sources were headline-only, so the exact timing and size of the move beyond the reported levels are not fully confirmed.