Gold

Key insight

4,336 sits 1.5% below the 4,400 round-number resistance — a daily close above it re-opens the 4,500 target; failure keeps the consolidation range alive between 4,250 and 4,400.

Holds above $4,300 round number after modest -0.49% pullback; structural uptrend intact with silver and oil softening, suggesting profit-taking rather than trend reversal.

Main risk

USD Rebound / Real Yield Rise

DXY firming with EUR/USD -0.2% and USD/JPY +0.2% today; a sustained dollar bid compresses gold's inverse correlation at current stretched levels.