Gold stays stuck in $4600 to $4800 range for nearly two months as May rally rumors grow

Published on 2 May 2026

Geopolitics helps gold, but rate and dollar forces cancel it

Gold is trading flat in a tight $4,600 to $4,800 band for almost two months, even as geopolitical risks keep the market on edge. Analysts point to a tug of war: high interest rates and a strong US dollar are limiting upside, while bullion demand from risk sentiment supports prices. A real breakout may hinge on central bank cues, so investors are urged to take a staggered approach.

Gold has been range-bound at $4,600 to $4,800 for nearly two months
High interest rates and a strong dollar are capping gains
Geopolitical tensions are supporting demand but not driving a trend
A decisive move likely depends on central bank policy signals

#commodities #interest rates #central bank #gold #us dollar

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Gold stays stuck in $4600 to $4800 range for nearly two months as May rally rumors grow

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