Gold Market Analysis

Gold opened at 4074.82 and closed at 4278.52, a net gain of roughly 5 percent driven by a mid-week breakout above 4280.

Gold is up roughly 89 dollars from Monday's open, having cleared 4172.77 intraday as Hormuz deal hopes ease inflation fears.

Gold closed last week near 4046 after a volatile stretch, and a quiet event calendar puts last week's range and current long skew front and centre.

Gold opened the week near 4094 and closed at 4074.79, a small net loss, after a midweek dip to 3995.84 that buyers quickly reclaimed.

Gold sits near 4035 midweek, down from Monday's open, with the week's slide stalling and positioning still tilted long.

Gold closed last week near 4053 after a sharp midweek reversal, and this week hands traders the FOMC decision, US Advance GDP, and Core PCE.

Gold ran to $4,165 midweek before sellers dragged it back to a $4,022 close, a net gain of roughly 0.7 percent on the week.

Gold closed last week near 4016 after a volatile run, with China accumulation chatter and a long-tilted book setting the tone for the new week.

Gold opened the week near 4084 and closed at 3988.42, a net loss of roughly 95 dollars as buyers failed to hold the 4100 handle.

Gold sits at 4028.62 midweek, down from Monday's open after a wide swing between 4100.93 and 3983.41.

Gold tumbled 3.8% this week from 4343.90 to 4178.26, with Wednesday's plunge to 4023.82 marking the sharpest intraday selloff in months.

Gold has dropped $132 from Monday's open to $4211, breaking key technical levels with traders now 55% long.

Gold opened the week at 4539.41 and closed at 4436.63, shedding 103 pips as risk appetite improved.

Gold has shed $79 from Monday's open to 4460.75, with RBI gold sales headlines weighing on sentiment midweek.

Gold enters June after a choppy week, with no major events ahead but positioning slightly skewed long.

Gold has dropped $71 from Monday's open to $4495.72, with positioning now slightly favouring longs at 55.3%.