Gold rose 0.92% on the week to $4,338 after a jobs-data shock fueled Fed hike bets.
Bull case
- Weekly rebound despite hike-bet repricing (MEDIUM)
- Central-bank demand still historically strong (MEDIUM)
- Private investment demand up 50% YoY in Q1 (MEDIUM)
Bear case
- Jobs-data shock fuels Fed hike bets (HIGH)
- CPI week ahead adds rate-path uncertainty (MEDIUM)
Levels that matter: Support $4,251 / Resistance $4,475.