Gold prices remain stable at around $2,660 per ounce, bolstered by its safe-haven appeal amid rising geopolitical tensions. Market participants are closely monitoring developments in the Middle East, while strong labor data may influence Federal Reserve policy.

Gold prices soared above $2,600 per ounce, reaching a new peak as investors reacted to significant interest rate cuts by the Federal Reserve and rising geopolitical risks. The combination of these factors has bolstered gold's appeal as a safe-haven asset.

Gold prices soared to a record high of $2,554.05 per ounce, driven by expectations of an interest rate cut by the Federal Reserve. This surge reflects a broader trend in precious metals, with other metals like palladium, silver, and platinum also experiencing significant gains.

Gold is currently trading above the key $2,500 level, driven by a weaker US dollar and rising expectations of Federal Reserve rate cuts. This environment has created optimism among investors as they await crucial US jobs data.