The slide in the U.S. dollar index from two-month peaks, coupled with a pause in the U.S. Treasury yield’s rally, which recently touched a 16-year zenith, offered a brief breather to the non-interest-bearing gold. Market watchers are eagerly anticipating Federal Reserve Chair Jerome Powell’s speech on Friday, seeking clarity on the future trajectory of interest rates. Short-Term Outlook:  Cautiously Bearish With shifting dynamics in interest rates, inflation targets, and robust economic data, gold’s appeal faces challenges.