Gold Holds Key $4,000 Support as Analysts Seek Bottom Signals

Gold stayed above the $4,000 level after entering bear market territory, last trading at $4,223 per ounce, with silver at $68.02. The metals are drawing fresh interest, yet analysts urge caution while awaiting confirmation of a reversal. Michele Schneider of MarketGauge said closing at these levels could signal time to nibble, but the metals must reclaim their moving averages. Simon-Peter Massabni of XS.com highlighted strategic buyers at $4,000 and noted the correction phase may be nearing its end. Optimism stems from possible US-Iran peace talks, though volatility lingers over unconfirmed news and energy-driven inflation risks. Next week’s first policy decision by new Fed Chair Kevin Warsh, alongside other central bank meetings, will shape short-term moves.