Gold prices remained steady on Tuesday, trading in a narrow range around $4,050 during the European session, as investors navigated uncertainty over US-Iran negotiations and the Federal Reserve's monetary policy direction, according to FX Street.
Market participants are closely watching for the upcoming US Nonfarm Payrolls data for July, scheduled for release later this week, which could provide further clarity on economic conditions and influence gold’s trajectory, FX Street reported.
For Japanese investors, gold’s sideways movement underscores the cautious stance in global markets amid geopolitical tensions and central bank policy ambiguity, factors that continue to impact safe-haven demand in Asia’s financial hubs.