Gold Hovers Above $4,000 as Risk-Off Mood Weighs

Gold (XAU/USD) edged lower on Wednesday, with price action contained within Tuesday’s range — a pattern sometimes described as inside trading. The precious metal continues to hover above the $4,000 mark, lacking a clear directional catalyst.

Risk-off sentiment in broader markets weighed on gold, as investors sought safety in other assets. The inside day pattern suggests indecision ahead of potential breakout levels.

Traders are watching for a decisive move beyond the $4,000 threshold to confirm the next trend direction.