Gold Price Forecast: Gold/USD Maintains Bullish Bias Near $4,400

Gold/USD has maintained a bullish bias near $4,400, supported by a weaker U.S. dollar and reduced market expectations for further Federal Reserve rate hikes. However, geopolitical risks and energy price tensions continue to intensify inflation concerns, temporarily capping upside for the precious metal. Spot gold is currently quoted at $4,392.12.