According to Jin10, Phillip Nova analyst Priyanka Sachdeva said that although gold prices have recently corrected, the structural factors driving gold have not disappeared. Spot gold has fallen back into the $4,100 to $4,200 per ounce range this week. Sachdeva said geopolitical uncertainty and fragile Middle East oil supply flows continue to sustain investor interest in gold, and she said $4,000 per ounce remains an important level. She added that if gold's long-term structural logic remains intact and prices move closer to that level, it may attract investors with strong conviction to buy in batches. She also said gold's future direction will depend more on how geopolitical risks feed through to oil prices, inflation expectations, and U.S. Treasury yields.