Stronger-than-expected U.S. consumer confidence bolstered markets: Gold prices reversed Friday's losses to close higher, holding firmly above the $4,000 mark.

Gold futures turned higher on Friday after the latest U.S. economic data showed improved consumer confidence and easing near-term inflation expectations.

Zhitong FinanceJul 18 15:05

Express News | Goldman Sachs: Central Bank Buying to Support Gold Prices

BreakingsJul 17 20:38

Multiple bearish signals converge! Bank of America warns: Gold’s downtrend is far from over, potentially falling toward $3,315

① Bank of America’s technical strategist warned that gold still has significant room for correction this year; ② If the current pullback follows the historical patterns of the three previous major bear markets in gold, downside risks point to $3,315; ③ Bank of America proposed a phased buying strategy, recommending moderate position establishment below $4,000 and completing full allocation within the $3,450–$3,250 range.

cls.cnJul 17 11:02

Gold Falls Below $4,000! Bank of America Urges 'Buy the Dip' but Warns 'Pullback May Not Have Bottomed Yet'

Amid heightened Middle East tensions pushing up oil prices and rising U.S. Treasury yields, market concerns over inflation and the interest rate outlook intensified again, sending gold futures below $4,000 per ounce on Thursday to their lowest level in over eight months.

Zhitong FinanceJul 17 10:23

Markets had just breathed a sigh of relief when two hawkish Federal Reserve officials issued fresh warnings: inflation is far from over, and they support moderate rate hikes.

Cooling U.S. inflation data has spurred markets to heavily bet on the Federal Reserve pausing rate hikes, but policymakers are sending markedly different signals. Dallas Fed President Logan and Kansas City Fed President Schmid have both warned that a single month of improved inflation is insufficient to declare victory, and if prices fail to sustainably decline, further policy tightening could still be on the table.

Golden10 DataJul 17 07:37

Gold prices fell below the $4,000 per ounce mark.

Gelonghui, July 16 | According to CCTV Finance, on the 16th local time, escalating tensions in the Middle East heightened inflation concerns, driving international gold and silver prices lower during U.S. trading hours, with both gold futures and spot prices falling below the USD 4,000 per ounce mark. As of 21:15 Beijing time on the 16th, August-delivery gold futures on the New York Mercantile Exchange were quoted at USD 3,995.28 per ounce, down 1.39%; September-delivery silver futures stood at USD 56.14 per ounce, a decline of 2.25%. Spot gold was priced at USD 3,993.33 per ounce, down 1.65%; spot silver

Gelonghui FinanceJul 16 22:21