Gold prices eased below $2,470 per ounce on Tuesday, but remained near record highs, supported by its safe appeal during heightened geopolitical tensions.
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Gold prices fell below $2,430 per ounce on Monday as investors awaited key US inflation data this week for insights into the Federal Reserve's future monetary policy.
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Gold prices eased to around $2,420 per ounce on Friday after a nearly 2% increase in the previous session.
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Gold rose above $2,390 per ounce on Wednesday following a decline in the previous session.
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Gold steadied around $2,410 per ounce on Tuesday after a decline of over 1% in the previous session.
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Gold rose to around $2,450 per ounce on Friday, nearing record highs and poised for a weekly gain, fueled by recent weak US economic data that increased expectations for Federal Reserve rate cuts.
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Gold traded around $2,450 per ounce on Thursday, following a 1.6% increase in the previous session and staying near record highs.
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Gold rose to around $2,420 per ounce on Wednesday, recovering from earlier losses driven by safe-haven demand amid escalating conflict fears in the Middle East.
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Before the important data releases, gold remains in a sideways trend, with the first support level at 2,370.
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