Gold Holds Steady Ahead of Crucial US GDP Release

Gold prices have held steady around $4,171.77 despite fluctuations between $4,187.56 and $4,167.30.

The precious metal continues to maintain its position above the key support zone of $4,150, keeping intact the recent recovery structure.

Traders are closely watching the upcoming US Final GDP revision, which could influence expectations for interest rates, the US dollar, and Treasury yields.

A stronger GDP reading may put pressure on gold if it reinforces expectations for higher-for-longer interest rates, while a weaker growth reading could provide support for gold by increasing concerns over economic momentum and reducing expectations for further Fed tightening.