Today's markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade

(MENAFN- Your Mind Media ) Gold continued to trade in a range amid a cautious market and uncertain geopolitical developments. Mixed signals around the progress in the discussions in the Middle East could prevent a clear shift in sentiment, while elevated bond yields and a firm dollar could remain a source of risk.

Additionally, resilient economic and labour market data strengthened the view that the Federal Reserve may lean toward a more hawkish stance. While interest rates are expected to remain on hold this year, a rate hike is increasingly viewed as a possibility if inflation concerns remain elevated, which could weigh on non-yielding assets such as gold.

Looking ahead, geopolitical developments will remain central in shap’ng gold’s short-term trajectory, particularly through their influence on energy markets, inflation expectations, and monetary policy. Despite near-term macro headwinds, the broader fundamental backdrop remains constructive as ongoing central bank purchases continue to underpin longer-term demand for bullion.

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