Gold futures snapped a four-session losing streak Thursday, turning higher after a largely in-line U.S. inflation report pushed the dollar and Treasury yields lower. The U.S. personal consumption expenditures price index jumped 4.1% in the 12 months through May, the first reading above 4% since April 2023 but matching expectations. Despite the gain, Capital Economics analyst Hamad Hussain sees more room to move lower, arguing that speculative excess could be squeezed out as AI and tech stocks remain preferred and the Kevin Warsh-led Federal Reserve stays hawkish. IG analyst Tony Sycamore noted that markets are pricing in a roughly 40% chance of a Fed rate hike as early as next month, creating a tough environment for gold. Saxo Bank's Ole Hansen said gold's break below $4,000 has further undermined sentiment, and the market needs ETF selling to stabilize and the dollar to lose momentum before bargain hunters regain confidence. Front-month Comex gold for June delivery gained 1% to $4,030.50 an ounce, a day after falling below $4,000 for the first time since November, while front-month Comex June silver added 0.5% to $58.348 an ounce.