Gold

Key insight

4,359 trades above all major MAs — 50-day ~4,180, 200-day ~3,920. Silver's +1.7% outperformance signals risk appetite in metals. Break above 4,400 opens a run toward 4,500 measured by prior consolidation range.

4,359 holds above the 4,300 psychological base; silver surging +1.7% confirms broad precious-metals bid. Structural uptrend intact with no major resistance until 4,400 round number.

Main risk

USD reversal on hawkish Fed repricing

EUR/USD at 1.1449 (-0.1%) and GBP/USD at 1.3343 (-0.2%) signal mild dollar recovery; sustained USD strength pressures gold below 4,300 support.