Gold Price Forecast: Gold Rebounds Above US$4,200 — Can XAU/USD Extend Its Recovery? - Mitrade

AI desk brief

Gold rebounded above US$4,200/oz on Friday after sliding to an intraday low around US$4,130.80, with the move supported by a weaker US dollar, easing US Treasury yields and lower geopolitical stress around US-Iran tensions. Reuters said spot gold was up more than 1% on the day, with falling oil prices and Fed policy expectations also helping sentiment.

Near term, the key levels are US$4,250–US$4,300 on the upside and US$4,100, then US$4,000, on the downside. The excerpt also notes the World Gold Council reported roughly US$10bn of inflows into physically backed gold ETFs in September 2026, suggesting underlying investment demand remained firm even as prices fell last month.