Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo's Hansen

Gold remains range-bound, failing to break above initial resistance at $4,100/oz, but a strategist argues the ongoing consolidation is constructive. The update is primarily technical/positioning-focused rather than driven by a new catalyst, implying limited near-term market impact.

Analysis

Gold remains range-bound, failing to break above initial resistance at $4,100/oz, but a strategist argues the ongoing consolidation is constructive. The update is primarily technical/positioning-focused rather than driven by a new catalyst, implying limited near-term market impact.