Hawkish Fed could push gold prices back to $4,000 next week

Gold briefly held critical support at $4,000 and gapped higher earlier in the week, but prices are now set to finish the shortened trading week roughly where they ended last Friday. The move suggests a volatile but ultimately directionless week for bullion, with no clear breakout in either direction.

Analysis

Gold briefly held critical support at $4,000 and gapped higher earlier in the week, but prices are now set to finish the shortened trading week roughly where they ended last Friday. The move suggests a volatile but ultimately directionless week for bullion, with no clear breakout in either direction.