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fxJun 4, 2026, 5:07 PM

Gold Challenges Critical Support After Retreat from $4,515

Spot gold retreated sharply from an early peak of $4,515, now trading around $4,480 and testing a key support level. Intraday gains remain modest amid fading war optimism.

XAUUSD

Spot gold (XAU/USD) fell from an intraday high of $4,515 to trade near $4,480 during the American session, challenging a critical support zone.

The metal had rallied earlier in the day on heightened geopolitical tensions surrounding Iran, but those gains eroded as the session progressed. Despite the pullback, gold still holds modest intraday gains.

Source: FXStreet Forex News