Gold Price Consolidates Near $4,088 Resistance Amid Strong Central Bank Demand

The price of gold is currently trading at $4,051.7, having posted a marginal gain on the day in a subdued session.

The metal remains above its key short-term averages but is capped by resistance from medium- and long-term trend levels.

Robust central bank physical demand continues to anchor gold market liquidity and support underlying fundamentals.

The tightening of paper gold trading in China has had a minimal global impact, while easing US inflation concerns have stabilized sentiment.