COMEX gold returns above $4,000/oz as silver rebounds $1/oz on a softer US dollar

COMEX gold prices moved back above $4,000 an ounce, while silver rebounded by $1 an ounce in a single session. The move was driven mainly by a softer US dollar index, which boosted the appeal of dollar-denominated precious metals. The rally reflected a short-term technical breakout and a currency-linked move rather than fresh inflation or a sudden geopolitical escalation, and it also triggered program-driven buying and reactions around key option strike levels.