Gold prices are trading in today’s Asian session above 2370 levels.
Gold prices experienced a marginal decline during Asian trading on Wednesday, influenced by Jerome Powell's hawkish-leaning remarks that bolstered the dollar and Treasury yields, thus exerting downward pressure on the value of gold.
Despite this, gold prices retained proximity to recent highs, fueled by ongoing apprehensions regarding potential conflict between Iran and Israel, sustaining demand for safe-haven assets.
Last week, gold prices surged to unprecedented levels following an Iranian strike against Israel. Market attention now centres on Jerusalem's anticipated response, with reports suggesting imminent action.