Gold prices moved higher, gaining around 1.5% to $4,578/oz, as a softer U.S. dollar and easing geopolitical tensions supported demand. Sentiment improved after signs of possible de-escalation in the Middle East, encouraging some buying interest.
However, the broader trend remains under pressure, with gold still down over 13% this month, marking its weakest performance in years. Rising oil prices and fading expectations of near-term rate cuts continue to weigh on the market.
Looking ahead, gold may stay volatile, but steady central bank demand and long-term bullish projections keep the overall outlook supported.
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