Gold Price Forecast: $4,300–$4,500 Range Keeps Bulls Waiting - FXEmpire

AI desk brief

Gold is stuck in a $4,300-$4,500 range, with price action caught between the 50-day and 200-day EMAs and no clear catalyst to break the chop. The author sees modest support from drifting U.S. interest rates and ongoing energy-inflation concerns, but says the market is still headline-driven and best traded tactically by buying dips and selling rallies for now.

Near-term tone is neutral, with the longer-term bias still constructive if rates continue to ease and inflation pressures persist. The piece frames gold as sensitive to interest rates, the U.S. dollar, and energy-driven inflation shocks rather than any single dominant driver.