📈 Gold Bounces Back on Softer Dollar, Weekly Gains in Sight

Gold rebounded sharply in recent trading, driven by bargain hunting and a slightly weaker U.S. dollar, putting the metal on track for a weekly gain after recent volatility.

Key Facts:

🪙 Spot gold rallied ~3.9 %, reaching about $4,955/oz as bargain traders stepped in.

💵 Weaker dollar made bullion cheaper for overseas buyers, adding support.

🌍 Geopolitical concerns (U.S.–Iran talks) linger, keeping safe-haven demand alive.

Expert Insight:

While gold is rebounding and headed for weekly gains, breaking new records will likely require major geopolitical triggers; current strength is supported more by technical buying than fresh macro drivers.

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