Gold (XAU/USD) is the price of one troy ounce of gold quoted in US dollars, a widely watched store-of-value and safe-haven asset.
Gold pulled back sharply from a 10-week high as traders locked in profits, with the metal testing $4,300 before rebounding to around $4,392. The swings reflect a mix of profit-taking after the recent run, while support emerged from US dollar selling, fading Fed rate hike bets, rising inflation expectations, and geopolitical tensions from Israeli airstrikes in Lebanon. Sentiment has turned cautious, with recent data prints and a drop in market sentiment to 51 influencing the metal's moves.
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