Gold prices are trading in today’s European session above 2320 levels.
In European trading on Thursday, gold prices steadied, approaching crucial thresholds, primarily due to waning demand for safe-haven assets and anticipations of continued higher U.S. interest rates.
The retreat in bullion prices from recent historic peaks was notable, particularly as concerns surrounding potential tensions between Iran and Israel abated, diminishing gold's allure as a safe-haven investment.
Focus will now shift on US q1 2024 data later today and the PCE Index on Friday.