Gold Stuck in Range as Market Awaits Fed Clarity

The gold market has been volatile over the past week, trading in a narrow range between $3,960 and $4,170 per ounce.

Spot gold briefly broke below the key $4,000 support level but rebounded strongly, closing the week at $4,051.51 per ounce - up 1.43% on the week.

The market is now focused on next week's Federal Reserve interest rate decision, which could provide a clearer directional cue for gold prices.

According to the latest Kitco News Weekly Gold Survey, Wall Street professionals have turned cautious on gold's near-term outlook, while Main Street investors remain optimistic.