KEY POINTS
- Bullion steadies after weeks of volatility, balancing firm real yields against renewed central-bank buying.
- Traders eye the $2,385 resistance level as gold finds its footing between inflation fears and safe-haven demand.
- Analysts say gold is evolving from an inflation hedge to a portfolio stabilizer in the higher-for-longer era.
Gold prices hovered near a one-week high early Friday, stabilizing around $2,360 an ounce as Treasury yields eased and the dollar consolidated after a strong run. The modest rebound follows a volatile two-week stretch that saw the metal swing between $2,320 and $2,385, driven by shifting expectations over U.S. interest-rate policy and the global appetite for risk.
