🪙 GOLD REBOUNDS ABOVE $4,600 — WHAT’S NEXT?
Gold is holding above $4,600, with spot gold around $4,650/oz and U.S. gold futures near $4,700 after gaining more than 5% last week.
🔥 Why is gold rising?
💵 A weaker dollar is supporting demand
🏦 Treasury buybacks are helping push yields lower
🌍 Fiscal & geopolitical uncertainty is boosting safe-haven demand
📊 Traders are now watching upcoming U.S. inflation data and the Fed’s Jackson Hole speech
👀 What happens next?
Holding above $4,600 keeps the bullish momentum intact. A sustained move toward $4,700 could strengthen the breakout, while a drop back below $4,600 may trigger profit-taking.
💡 Trader view: Don’t chase the spike. Watch how price reacts around key levels and wait for confirmation.
⚠️ Not financial advice. Do your own research.
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