Gold futures climbed toward 4,550 on shifting macro data.

Gold futures pushed back toward the 4,550 level, testing the upper boundary of last week's range as geopolitical headlines out of Iran steered Treasury yields and WTI Crude Oil futures lower. , macro data continues to anchor the broader market trajectory; last week's hot PPI print of 1.4% month-over-month alongside a sticky 3.8% CPI reading have led market participants to price out any potential interest rate cuts for 2026, with some pricing models introducing a tail risk of a rate hike in the spring of 2027. Traders are watching key technical levels, specifically resistance at 4,600 and major support down at 4,475. Meanwhile, industrial metals have caught a separate bid, with July Silver futures rallying over 1% and July Copper futures gaining 1.5% to consolidate above former resistance at 6.30, supported by supply chain tightness and updated tariff structures.