Gold rebounds to $4,033 as traders test key $4,000 support
Why it matters: Middle East fighting and oil swings could lift inflation and complicate the Federal Reserve’s rate path.
Gold climbed on dip-buying Tuesday, with spot bullion rising 0.7% to $4,033.88 an ounce in Singapore as traders watched whether the market could hold the closely tracked $4,000 level. The metal has been trading in a tight range after a sharp 2026 pullback from record highs near $5,600. Analysts cited the $4,000 mark as both a psychological floor and a technical support zone after buyers reappeared around that level in recent sessions. The next move may depend less on charts than on macro risks: renewed US-Iran fighting has raised concerns about energy supplies, shipping routes and higher oil prices, which could feed inflation. That leaves investors balancing gold’s safe-haven appeal against the risk that persistent inflation could push the Fed toward tighter policy.