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fxAug 10, 2026, 4:53 PM

Gold Targets $4,400 After Reclaiming $4,371 High

Spot gold is trading near Friday's multi-week peak of $4,371.79, recovering from an early-week dip as bulls set their sights on the $4,400 level.

XAUUSD

Spot gold (XAU/USD) is knocking on the door of its recent multi-week high of $4,371.79, a level reached last Friday. The metal found support after a softer start to the week, with buyers stepping in to erase those early losses.

The rebound has brought the psychologically important $4,400 mark into clear view. A successful push above the current resistance would open the door for an extension higher.

Market participants are watching whether gold can maintain this momentum, with short-term sentiment tilting bullish.

Source: FXStreet Forex News