Gold futures experienced a minor pullback, trading down just under 1% to the 4,835 level after reaching a one-month closing high. Despite an initially lower open driven by an increase in weekend geopolitical tensions, the market found afternoon buying pressure as those concerns tempered, lifting prices well off their intraday lows. Broader metal markets reflected this exact dynamic, giving back some ground today but remaining in a three-week uptrend. Overall, gold is holding onto the top end of its recent trading range, maintaining a broadly positive April performance following the lows seen in late March.
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