Wall Street undecided on gold’s near-term trajectory, Main Street flirts with bearish bias after gold hits $4,200/oz ceiling

(Kitco News) – Gold prices staged a late-week recovery after coming under heavy pressure from hotter-than-expected U.S. inflation data, rising Treasury yields, and a firmer dollar, as falling bond yields and reduced expectations for an October Federal Reserve rate hike helped the precious metal recover much of its losses.