Gold prices experienced a rebound, rising as much as 2.2% to trade above $4,600 per ounce after a three-day decline. The increase came as the US dollar weakened due to speculation that Japan might intervene in the foreign-exchange market to support the yen. Gold has seen a decline of approximately 13% since the beginning of the US-Iran war in late February, driven by expectations that central banks will maintain higher borrowing costs to combat inflation from rising energy prices. This scenario poses a challenge for gold, which yields no interest. Despite recent volatility, most analysts maintain a bullish outlook on gold, supported by a surge in central bank purchases, which reached the fastest pace in over a year during the first quarter. Spot gold was trading at $4,615.20 an ounce in London, while silver rose 2.6% to $73.18 an ounce.