Gold Holds $4,550 Monthly Lows as Oil Nears $120, Hawkish Fed Weighs

Spot Gold stabilizes near monthly lows around $4,550 amid Brent crude surging toward $120/bbl and US 10-year yields exceeding 4.4%, driven by the Fed's hawkish hold featuring three dissenters. From April highs of $4,890 and $4,700 consolidation, the metal plunged 6.8% post-FOMC, breaching supports at $4,775, $4,700, $4,657, $4,555, and $4,545, with bearish RSI near 39 targeting $4,500 or $4,401. Geopolitical Gulf tensions sustain oil highs, capping rebounds despite safe-haven bids, while H1/H4 technicals suggest bounces to $4,650-$4,770 if $4,515 support holds.