$XAU /USD is trading just above **$5,000** per ounce on Monday, with spot gold up approximately 0.9%. The move is supported by a softer U.S. dollar and bargain-hunters entering the market following last week’s volatility.
Safe-haven demand has lifted both gold and silver, with spot silver also posting sharp gains.
Spot gold has regained the $4,950–$5,000 zone after correcting from its recent record highs near $5,600.
Historical pricing patterns confirm gold is consolidating within this critical area, following a sharp sell-off and recovery sequence.
Technically, the market appears to be consolidating around key support, suggesting range-bound action ahead of major economic data releases, with volatility still elevated. Analysts view this price action as consistent with a “shock and rebound” pattern typical of safe-haven assets.
