Gold Price Bounces Above $4,400 as Buyers Attempt Stabilization

The gold price has recovered above the psychologically important $4,400-per-ounce level on September 10, with XAU/USD up around 0.5% in early trading.

The recovery comes after gold briefly fell below $4,400 earlier this week, as buyers attempt to stabilize the market following the late-August correction.

The Relative Strength Index (RSI) is providing a mildly encouraging signal, with its current reading around 53.5 indicating that buying pressure has improved.