Gold price today: Comex slips to $4,062/oz as caution sets in

Market context  
Gold’s decline reflects investor uncertainty over the Federal Reserve’s next policy steps. The cooling labor market has raised expectations of possible rate cuts, but traders remain cautious. Technical charts show support at $4,050/$4,000/$3,936 and resistance at $4,160/$4,200/$4,260. Experts advise buying on dips, citing inflationary pressures and geopolitical risks as long‑term drivers.  

Notable updates  

• Comex gold futures dropped 0.51% to $4,062/oz  
• U.S. jobs report showed 119,000 additions, unemployment at 4.4%  
• Fed policy uncertainty weighs on investor sentiment  
• Support levels: $4,050/$4,000/$3,936; resistance: $4,160/$4,200/$4,260  
• Analysts recommend cautious accumulation amid global macro risks  

Major takeaway  
Gold’s short‑term weakness signals caution ahead of Fed decisions, but its long‑term appeal as a safe‑haven asset remains intact.  

Sources: Livemint, Times of India, YouTube market analysis