Dollar Rebounds, Gold Retreats—But Stays Above $3,300

Gold prices pulled back Thursday after briefly hitting a near two-week high, with spot gold slipping 0.3% to $3,303.82. The decline came amid a modest rebound in the U.S. dollar, which made gold more expensive for non-dollar investors. Still, persistent worries over America’s growing $36 trillion debt burden and weak demand for U.S. Treasuries helped keep gold firmly above the $3,300 level. Analysts expect gold to remain resilient if market sentiment continues to sour over the U.S. fiscal trajectory.