Gold struggles to build on intraday bounce, holds steady around $4,650 amid mixed cues

Gold (XAU/USD) struggles to capitalize on its modest intraday bounce from the $4,600 mark and remains on the defensive, for the second straight day, heading into the European session on Monday. Gold kicks off the new week on a weaker note, though it lacks follow-through and bounces off $4,600.Inflationary concerns bolster bets for higher interest rates globally and… Gold (XAU/USD) struggles to capitalize on its modest intraday bounce from the $4,600 mark and remains on the defensive, for the second straight day, heading into the European session on Monday. Gold kicks off the new week on a weaker note, though it lacks follow-through and bounces off $4,600.Inflationary concerns bolster bets for higher interest rates globally and undermine the precious metal.The USD preserves its bullish bias and turns out to be another factor exerting pressure on the bullion.Gold (XAU/USD) struggles to capitalize on its modest intraday bounce from the $4,600 mark and remains on the defensive, for the second straight… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.