Gold (XAU/USD) reverses a modest intraday dip to the $4,453 area and trades near the top end of its daily range heading into the European session on Friday.

“We see a wide range of $5,050 – $3,950/oz for 2026 and an end-year price of $4,450/oz,” the HSBC analysts said in a note published Thursday, which was quoted in a Kitco report.

Elliott Wave update for the Nasdaq 100: market trades sideways as tech leaders struggle to extend rallies.