Gold prices are trading in today’s Asian session above 2370 levels.
In Asian trading on Thursday, gold prices rebounded from earlier losses but stayed below recent highs due to concerns about prolonged high interest rates and pressure from a strong dollar.
Last week, gold reached record levels amid safe-haven demand following Iran's strike on Israel. However, tensions eased when Israel didn't immediately retaliate.
While the dollar's pressure lessened this week after reaching five-month highs, gold didn't fully benefit due to expectations of sustained high interest rates.