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Spot gold prices opened the week in a cautious tone as traders await key developments. After dipping to $4,737, the price rebounded but remains under pressure to hold above $4,800. Market participants are closely monitoring geopolitical tensions and central bank policies for potential catalysts. The current consolidation phase reflects uncertainty ahead of major economic data releases and U.S. Federal Reserve decisions. Traders should watch for a breakout above $4,850 or a breakdown below $4,750 as critical technical levels. The broader commodity market remains sensitive to inflation trends and currency movements, particularly the U.S. dollar's performance against the euro and yen.
