Gold (XAU/USD) climbs above the $4,000 mark for the second consecutive day as a modest pullback in the US Dollar (USD) and persistent geopolitical tensions drive safe-haven demand. Concerns over the prolonged US government shutdown, which could slice 1–2% off Q4 GDP, have weighed on the USD, supporting gold’s rebound.

However, optimism on US-China trade talks and the Fed’s hawkish stance limit further gains for the non-yielding metal. Traders are watching key resistance near $4,025–4,030, with a potential move toward $4,100 if buying momentum continues. On the downside, support lies around $3,970–3,972, below which a fresh corrective decline could unfold.

Overall, gold is benefiting from safe-haven flows but faces upside limits amid USD resilience and cautious bullish positioning.