Gold price forecast today points to consolidation near $4,415, as XAU/USD holds inside an ascending channel following last week's sharp pullback from the $4,696 high. Price is currently sandwiched between support at $4,378 and resistance at $4,479, with traders weighing hawkish Federal Reserve rate-hike bets against escalating Middle East safe-haven demand ahead of today's U.S. Producer Price Index (PPI) release.
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AlexMintan