Gold Holds Above $4,600 as Bullish Bias Prevails Amid Geopolitical Uncertainty

Gold prices have been holding steady above $4,600 due to a mix of factors including persistent inflation concerns, a weaker U.S. dollar, and strong demand from central banks.

The precious metal's safe-haven appeal remains intact as investors weigh the risks of an economic slowdown and ongoing geopolitical tensions.

From a technical perspective, gold's bullish bias is reinforced by higher highs and higher lows on the daily chart.

Support levels are established at $4,550, with resistance seen near $4,650 and $4,700, a significant psychological barrier.