Key Market Drivers
Geopolitical Risk: Heightened friction in the Middle East has bolstered gold's appeal as a safe-haven asset, even as the U.S. Dollar remains strong.
Monetary Policy: Investors are awaiting U.S. PCE and GDP data due later today. Federal Reserve Governor Stephen Miran recently tempered expectations for aggressive rate cuts, citing a resilient labor market with jobless claims falling to 206,000.
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