📊 XAU/USD GOLD MARKET UPDATE

Gold rebounds toward the $4,400 area as easing oil prices reduce inflation concerns.

Spot gold climbed around 1.2% to $4,390.11/oz on Friday, reaching a one-week high. Lower crude oil prices helped ease inflation fears, while traders continued to assess the impact of the Federal Reserve’s recent rate hike.

🔑 Key Levels:

• Resistance: $4,400–$4,440

• Recent Spot Price: ~$4,390

• Key Driver: Oil prices + US interest rates + USD

The next major move in XAU/USD may depend on US yields, the dollar and upcoming Fed signals.

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