Dollar Weakness Lifts Gold Prices Amid Mixed Economic Signals
Gold prices have risen by 0.79% to around $4,367.50 an ounce, as a softer US dollar boosts metals in the market.
The weaker dollar has provided support for gold prices, despite mixed US economic data and steady Treasury yields.
Investors are cautious ahead of upcoming Federal Reserve meeting minutes and economic reports, with mixed signals on potential rate hikes.
Geopolitical tensions in the Strait of Hormuz have also contributed to safe-haven demand for gold.