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Gold Near $4,260 Ahead of U.S. Data

Gold steadies as strong dollar and high yields cap gains

Gold prices are trading near $4,260 per ounce today, showing stability after trimming some of last week’s losses. Limited buying interest supported the rebound, though gains remain capped by a firm U.S. dollar and persistent strength in Treasury yields.

Technically, holding above $4,220 keeps the short-term uptrend intact, while resistance is seen near $4,300 and $4,335.

A break below $4,220 could trigger renewed downside pressure toward $4,150.

Outlook:
Gold is likely to remain range-bound between $4,220 and $4,330 until the release of U.S. inflation data, which could set the tone for the next major move.

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