Gold Holds $4,100 Support but Faces Hurdles Breaking $4,200 as Inflation Risks Mount

Gold prices are holding above the $4,100 per ounce level while encountering resistance at $4,200. Recent spot quotes reached $4,187.30, marking gains exceeding 1% since last Friday. Analysts cite elevated bond yields and inflation pressures as capping factors, yet investors keep buying dips.

Experts such as Fawad Razaqzada emphasize gold's role as an inflation hedge, with ETF inflows continuing amid volatility. Lukman Otunuga, however, flags downside risks if next week's US CPI data comes in hotter than expected, potentially opening a path to $4,000 absent a break above $4,200.

Ole Hansen anticipates range-bound action next week but stays bullish over the medium term due to possible economic slowdowns. Technical signals urge caution, while a firmer US dollar adds further pressure on the metal.