Gold prices have been largely stable, with investors adopting a wait-and-see approach as they assess upcoming U.S. economic data. Gold’s performance has been influenced by fluctuating expectations for U.S. Federal Reserve rate hikes, which impact the U.S. dollar’s strength and, by extension, the appeal of gold as a non-yielding asset. Rising Treasury yields have pressured gold prices recently, as higher yields make bonds more attractive. However, persistent geopolitical uncertainties could drive demand back to gold as a safe-haven asset if volatility spikes .
