Gold Price Support at $4,000 Gains Traction Amid Fed Hawkishness

Gold prices have been stuck below $4,100 an ounce, but analysts see a shift in sentiment as support at $4,000 becomes increasingly recognized as an attractive value point.

The Federal Reserve's hawkish bias has been a major concern for gold investors, but recent economic data has shown that gold is becoming more sensitive to disappointing numbers.

Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, noted that gold remains precariously balanced ahead of a busy week of employment data.