According to CoinMeta, the price of gold fell back to $4,640 after hitting a three-month high. Analysts pointed out that $4,615-$4,623 is the first important support range, while $4,700-$4,712 is a key short-term breakout zone. Gold's recent rise has been supported by a weaker U.S. dollar and declining long-term Treasury yields. Investors are paying attention to U.S. inflation data and the first Jackson Hole speech by Warsh. If the $4,615 support level is breached, it could lead to a deeper correction.