Gold struggles around $4,100 as markets await CPI and Warsh's Capitol Hill debut

Gold is attempting to bottom after last month’s sharp losses, but analysts caution that key support may be tested next week. The Fed’s tightening bias faces a near-term trigger from upcoming inflation data, which could influence rates and yields. Net effect: near-term risk to gold remains despite signs of stabilization.

Analysis

Gold is attempting to bottom after last month’s sharp losses, but analysts caution that key support may be tested next week. The Fed’s tightening bias faces a near-term trigger from upcoming inflation data, which could influence rates and yields. Net effect: near-term risk to gold remains despite signs of stabilization.