Gold remains firm around the $2,640 mark as markets await fresh cues from U.S. economic data and global risk sentiment. The yellow metal’s price steadied after modest gains earlier this week, supported by a weaker U.S. dollar and subdued Treasury yields. However, a lack of significant catalysts has kept the metal within a narrow trading range.
Investors are closely monitoring upcoming economic releases, including U.S. services PMI data, which could influence the Federal Reserve’s policy outlook. Gold’s safe-haven appeal has been bolstered by ongoing geopolitical concerns, though gains are capped by cautious market sentiment ahead of key economic updates. Analysts suggest the metal could see a breakout if the dollar loses further momentum or if risk aversion intensifies in global markets.
