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Will gold continue its rebound? × Breakout of ₹45,700 is key and when this occurs, RSI and MACD signals might enter positive zone Bullion suffered a sell-off in the first half of the truncated week but made a good recovery in the second half, helped by softening US yields and the dollar index. Both gold and silver took back all the lost ground thereby ending the week flat. The rise in treasury yields for the past several months has been acting as a big dampener for bullion bulls as interest income, in addition to safety, gives treasuries an edge. As yields rose, the demand for the dollar-denominated assets went up - the combination of these two factors keeping bullion prices in check.

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