Gold Holds Steady Above $4,400 as Dollar Weakness Supports Bullion
Gold prices held steady above $4,400 an ounce on Tuesday, September 8, as a weaker U.S. dollar supported bullion. The precious metal was up 0.6% at $4,432.79 an ounce at 4:32 a.m. GMT.
The setup leaves gold caught between supportive currency moves and restrictive interest-rate conditions. Société Générale pointed to broadly bullish sentiment in the gold market, citing positioning, investment flows, and derivatives activity.
Gold's daily chart shows the metal recovering from a summer decline that took XAU/USD toward $4,000 before buyers returned aggressively in August. The 50-day exponential moving average near $4,351.57 remains an important technical pivot.
A sustained break above $4,450 could open a move toward $4,480-$4,500, while failure to hold the $4,350-$4,400 region would weaken the recovery and put approximately $4,300 back in focus.