Gold at $4,137 as $4,000 Floor Holds on Three Tests
Gold futures (GC=F) are trading at $4,136.80 per ounce Tuesday, up 1.48% on the session, as the metal continues to recover off the late-June low near $3,959. That low came after a 28% correction from January's intraday record of $5,595, and the $4,000-$4,050 zone has now been tested three times without breaking. The floor is holding, and today's catalyst is concrete: June CPI came in soft enough to push back September rate-hike odds, compressing real yields and sending buyers back into non-yielding assets, per Kitco's July 14 report. Key Takeaways Gold futures (GC=F) are at $4,136.80/oz on July 22, up 1.48% on the day, recovering off the late-June low of $3,959. The $4,000-$4,050 support zon…
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