Gold Continues to Reflect Tug-of-War Between Bulls and Bears

Gold is steady near the $4,200 mark as the US Federal Reserve begins its two-day policy meeting on Tuesday. A softer US Dollar and easing Treasury yields are offering some support, even as overall market sentiment remains cautious.

Daily charts still indicate a strong contest between buyers and sellers, a pattern that is expected to persist until the upcoming US jobs data provides clearer direction.

In early Tuesday trade, gold remains close to $4,200 as investors await the Fed’s policy announcement on Wednesday. The trading range has narrowed in recent sessions, heightening the market’s sensitivity to new economic signals.

Buyers are making a fresh attempt to lift prices for the third consecutive day, boosted by renewed tariff threats from US President Donald Trump, which have weighed on the Dollar.

Gold futures are slightly softer but remain close to recent highs, with front-month contracts hovering around $4,239–4,240. The metal’s 52-week range extends up to roughly $4,398, marking a nearly 58% surge over the past year.