Gold rebound tests resistance as ETF and central-bank demand broaden

Gold remains around $4,164-$4,200 after rebounding from an early-August low, but the move is not a confirmed durable breakout. Resistance near $4,200-$4,251 and the requirement for a sustained move above roughly $4,275 remain important; ETF inflows, China's 23-tonne September purchase, and reported Q2 official-sector buying provide structural support.