forecasts Price of Gold Fundamental Daily Forecast – Powell Comments Likely to Trigger Volatile ResponseGold investors are anxious to see if Powell expresses concern about a recent volatile sell-off in Treasuries and his assessment of the economy. Mar 04, 2021 09:36 AM GMT Gold futures are trading lower on Thursday but slightly better than a nine-month low reached the previous session. However, rising U.S. Treasury yields continue to spook buyers of the non-yielding commodity. The relatively low volatility this week suggests traders may be trying to build a support base at the lower end of a long-term retracement zone, but another lower-low in the chart pattern suggests sellers are still a dominant force. Prices are likely to continue lower until the buying is strong enough to take out one or a number of its current string of lower tops.