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fxJun 26, 2026, 10:31 AM

Gold Holds Support Below $4,000, Rises to $4,050 on Dollar Weakness

Gold price recovers after finding support near $3,960, trading 0.6% higher at $4,050 during European session as the US Dollar corrects.

XAUUSD

Gold (XAU/USD) is trading 0.6% higher near $4,050 during the European session on Friday, recovering after discovering support around $3,960 in the past two trading days.

The precious metal is holding immediate support below the $4,000 level as the US Dollar corrects lower, providing a tailwind for gold prices.

Technical analysts note that the bounce from $3,960 support suggests buyers are stepping in, with the next resistance likely above $4,100 if the dollar weakness persists.

Source: FXStreet Forex News