Gold

Key insight

4,381.90 trades near all-time highs with silver surging 1.9% — metals complex in sync; next resistance at 4,420 (round number / channel top). Break there opens 4,500+.

4,381.90 holds above the 2026 breakout plateau — silver +1.9% confirms broad metals bid; USD/JPY rising to 156.8 limits upside but structural demand keeps gold elevated.

Main risk

Rising USD/JPY compressing gold bid

USD/JPY at 156.8 (+0.5%) signals dollar resilience; sustained DXY strength above key 104 area historically caps gold and pressures XAU toward 4,300 support.