Sustained Recovery: Gold continues its four-week rally, gaining 19.2% from the February lows as it recovers from the technical "meltdown" seen in late January.
Reserve Paradigm Shift: Institutional interest is surging as central banks divest from US Treasuries in favor of bullion, with JP Morgan raising long-term forecasts to $6,300.
Trade War Volatility: Market sentiment remains tense following tariff threats against Canada and South Africa, driving safe-haven inflows despite a strengthening US Dollar.
Fed Transition Uncertainty: Investors are closely watching the Federal Reserve leadership transition, with speculation regarding hawkish policy shifts under the new chair nomination.
Technical Resistance: Bulls are currently testing a major resistance zone at $5,342; a breakout above this level could signal a re-test of the January all-time highs near $5,600.