Gold prices near $4,100–$4,200 face downward pressure from elevated U.S. Treasury yields above 5% and a firm dollar, despite the September nonfarm payrolls miss of just 29,000 jobs that tempered October Fed hike odds. Hawkish repricing after the September rate increase and energy-driven inflation keep real yields supportive of the greenback, outweighing safe-haven bids. Central bank purchases, particularly from China, and structural demand provide a floor, but near-term resolution hinges on October 14 CPI and subsequent labor data that could shift implied rate paths. Traders monitor these releases closely for any break above $4,200 resistance or tests of $4,000 support.