Gold prices weakened in recent trading, pressured by a strengthening US dollar and rising US government bond yields, as investors digested the latest economic data from the United States. Market sentiment also tended to be cautious ahead of the release of several important economic data, prompting market participants to reduce positions in safe-haven assets.
Nevertheless, gold's weakness is considered limited as global uncertainty and geopolitical risks remain supporting factors. Investors are now awaiting further signals regarding the direction of the Fed's interest rate policy, with gold's movement expected to remain volatile in the short term.
Source: Newsmaker.id
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