Gold tests key resistance near 4,228 as falling Treasury yields counter hot PPI data

Gold prices pushed toward technical resistance around 4,228 after rising over 1% in the prior session, having traded at $4,152.99 per ounce in early Asian trade. The metal maintained resilience despite U.S. September Producer Price Index figures showing final-demand inflation jumped 1.3% month-over-month and 6.3% annually. Bullion drew support as the 10-year Treasury yield retreated toward 5.09% alongside a weaker U.S. Dollar Index at 102.11, while market participants reduced expectations for an October Federal Reserve interest rate hike.