Gold prices are oversold below $4,000, but a potential rally could still be out of reach in the near term - BCA’s Ibrahim

(Kitco News) - Gold is struggling to hold support at $4,000 an ounce, which has become a critical pivot point for the precious metal. The disappointing price action comes as U.S. 10-year Treasury yields start the week below 5.0%, providing little relief for the beleaguered market.