Gold Holds Firm Above $4,300 Amid Geopolitical Uncertainty

Gold prices have held firm above $4,300 per ounce as investors favor the precious metal due to weaker-than-expected U.S. economic data and lingering geopolitical tensions.

The metal has attracted renewed buying interest after signs of slowing momentum in the U.S. labor market reduced expectations of another interest rate increase by the Federal Reserve this year.

A softer U.S. dollar has also provided support, as a weaker currency makes bullion more affordable for holders of other currencies.