Gold Price Reclaims $4,300 After a $125 Fed Whipsaw, but Futures Still Trail Settlement - TechStock²

AI desk brief

Gold rebounded back above $4,300 in Asian trade after a sharp post-Fed selloff, but front-month COMEX futures were still at $4,332.40 at 04:06 UTC, down 1.26% from the prior $4,387.50 settlement. The session showed a $125.47 intraday spot swing from $4,365.57 pre-decision to $4,240.10 after the FOMC’s 25 bp hike, underscoring how quickly higher rates and a firmer dollar are hitting a non-yielding asset.

The key near-term levels are $4,300 spot support, the $4,356 futures session high and the $4,387.50 prior settlement. A sustained move back above settlement would repair the post-Fed break, but failing $4,300 would leave the Asian rebound looking like a temporary retracement rather than a trend reversal.