PRECIOUS METALS | Gold Returns to $4,000 Under Downtrend Pressure as Waller Flags Core Inflation Risk

Gold returned to $4,000 but remained capped by a declining trendline. According to Jin10, Fed Governor Christopher Waller warned that if core inflation heats up again, the Federal Open Market Committee may consider tightening monetary policy. The report also said the move came as the United States blockaded an Iranian port.