Woofun AI reports that international spot gold fluctuated near $4,000 per ounce, dipping to a 2026 low of $3,943.66 before recovering to approximately $4,030. This movement reflects a 13% quarterly decline, the steepest since Q2 2013.

Saxo Bank's Ole Hansen noted that bears failed to extend losses below $3,960, aided by easing inflation fears and short covering, but emphasized that holding above $4,100 is necessary to confirm a temporary bottom. Swissquote's Ipek Ozkardeskaya identified $4,000 as key support, warning that downside risk persists until $4,115 is reclaimed, with $3,680 as the next target if trends reverse. SentimenTrader's Jay Kaeppel highlighted historical seasonal strength from late June to early September as a potential short-term support factor.