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Gold slips below $4,000 after sustained pressure

The report links the move to renewed Middle East escalation and how that inflation risk interacts with a stronger US dollar.

Reported · Written up by our desk · Precious Metals

Gold is trading below the $4,000 level, after Thursday’s break and a daily close below $4,000, the first such close below the level since Nov. 6, 2025, according to Action Forex.

The article says gold had been hovering near $4,000 for nearly a month, but that repeated attempts failed to establish a clear move lower until this latest break. It also frames the loss of the $4,000 support zone, including a recent spike low at $3,942, as potentially signaling an end to a prolonged “directionless” period and a continuation of a larger downtrend from a new record high, if the move is sustained.

Action Forex attributes the renewed selling pressure to an escalation in the Middle East that it says boosts inflation risk, while also noting that this pressure may partly offset optimism from better than expected US June inflation data that supports the US dollar.

If $4,000 fails to hold on the downside, the piece lists near-term levels to watch at $3,886, $3,666, and $3,606, and it adds that gold is on track for a second consecutive weekly loss, with bearish daily studies reinforcing that scenario. Conversely, it says that failing to keep gains below $4,000 would weaken the bearish signal and keep the metal in a prolonged range, though still biased lower as long as the recent range top at $4,203 remains intact.

Latest closeGold $3,981.40 ▼1.6%

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