Gold Tests $4,300 as Profit-Taking Extends Decline

Gold is testing the $4,300 level as sellers keep the corrective move going into a second consecutive session early Friday. The metal is down on profit-taking, though the pullback is being framed as a correction rather than a broader reversal.

Traders are watching Middle East developments, oil price action, and US Federal Reserve interest rate expectations before committing to fresh positions. Those factors are seen as key near-term drivers for the next directional move in gold.