Overview
- Live market feeds showed spot gold at about $4,106.51 per ounce, a small intraday rise from the prior close and well below this year’s January peak.
- Gold has gained roughly 24% over the past 12 months but has retraced about 20–30% from its January record as stronger U.S. data lifted real yields and the dollar.
- Short‑term direction is being driven by U.S. inflation and jobs reports and by how traders adjust expected Federal Reserve policy.
- Central banks continued to buy physical metal and investors added to ETFs, creating a steady source of demand that has supported prices despite volatile speculative flows.
- Technicians point to support near $4,100 and $4,000 and warn that volatility will persist, so investors should watch upcoming U.S. macro releases and Fed signals for clearer direction.