The $4,500 Stand-Off: Why Gold Is Stuck in a Tug-of-War Right Now

Spot Gold (XAU/USD) is locked in a tight, high-stakes consolidation pattern, trading at $4,500 on May 29, 2026. While the metal faces short-term pressure from a strong U.S. dollar, it is certainly not in a freefall. In fact, bullion has staged a impressive recovery after bouncing off its recent $4,300 demand zone, climbing back to establish the $4,500 level as the absolute make-or-break pivot point for the market.

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