Gold Prices Rebound Above $4,000 Amid Mixed Economic Data

Gold prices rebounded from an early dip below $4,000 per ounce to close the week around $4,051, supported by softer US Treasury yields and easing oil prices. The market remains cautious ahead of the Federal Reserve's upcoming rate decision, with geopolitical risks in the Middle East providing some safe-haven demand.

Analysts are divided on gold's near-term direction, with many expecting sideways movement as inflation fears and rate hike expectations persist.

The coming week's key economic events, including Fed, Bank of England, and Bank of Japan policy decisions, are likely to influence gold's trajectory further.