Gold prices closed higher on Wednesday, with the most liquid contract reclaiming the $4,100 level.
The move marks a continuation of the precious metal’s recovery from recent lows, driven by a combination of technical buying interest and broader market sentiment.
Investors are closely monitoring the geopolitical landscape, particularly the ongoing conflict between the United States and Iran, which continues to underpin safe-haven demand.
Simultaneously, market participants are weighing the Federal Reserve’s future policy path, with expectations for rate adjustments influencing the appeal of non-yielding assets.
This latest gain follows a series of positive sessions for gold, including a close higher on Friday and Monday.
The recent rally has been fueled by a weakening US dollar and declining yields on US Treasury bonds, which have reduced the opportunity cost of holding gold.