Gold, After Three-Day Decline, Faces Critical Pivot at $4,350

Technical Analysis Gold is looking for direction around $4,350 per ounce.
The $4,300 area is seen as key support.
A break below could widen a selling wave, while staying above may push the price above the $4,400‑$4,450 band, potentially encouraging buyers to re‑enter.
Fundamental Factors Oil price increases and heightened geopolitical risks strengthen gold’s safe‑haven appeal.
Conversely, U.S.
Treasury yields and expectations of Fed policy constrain demand for the metal.
Upcoming Developments The U.S.
Producer Price Index (PPI) data due tomorrow will play a critical role in determining short‑term price direction.
A higher‑than‑expected PPI could signal ongoing inflationary pressure and add selling pressure on gold, while a lower reading could slow Fed rate hikes and support the metal.
Conclusion Gold is seeking direction near $4,350 after a three‑day decline.
If the $4,300 support holds, a move above the $4,400‑$4,450 range could trigger a new buying phase.
Oil prices, U.S.
Treasury yields, and Fed expectations remain key drivers, with tomorrow’s PPI data poised to influence the short‑term outlook.