Gold Recovers to $4,540 as Wall Street Turns Bullish Ahead of Jobs Data

Gold has staged a late-week rebound to around $4,540 after testing lows near $4,365, with Wall Street analysts shifting firmly bullish. The recovery follows sharp swings driven by U.S.-Iran tensions that first lifted oil and revived rate-hike fears, pushing prices below $4,400 on May 28, then eased on weak Q1 GDP and hopes of a Hormuz deal. Markets now price a 40-58% chance of an additional Fed hike before year-end, leaving bullion braced for volatility from next week’s manufacturing and labor-market releases.