February Gold futures experienced a volatile session, selling off to a low of 4,539.10 before bouncing back to finish down approximately 0.55%. Despite the intraday pressure, the market managed to hold key support levels established in late December. On a weekly basis, gold has now finished higher in eight of the last 11 weeks. The U.S. dollar has provided a headwind, rising roughly 1.65% since late December. Additionally, rising yields in U.S. Treasuries, including the 10-Year yield climbing to 4.22%, have created competition for the metal as an asset. Some profit-taking was noted as investors evaluate the potential for capital rotation into short-to-medium term fixed income products.