Gold continues its recovery after bouncing from the 4,282 low, rising above the 4,400 level as lower US bond yields weaken the US Dollar.
However, further gains may be limited due to:
• Expectations of higher Fed rates supporting bond yields.
• Rising energy prices increasing inflation risks.
• Geopolitical uncertainty boosting demand for the safe-haven USD.
Conclusion: Gold remains bullish, but traders should stay cautious as Fed policy, inflation, and USD strength could pressure prices ✅
