Gold prices advanced in early trade, with spot gold (XAU/USD) climbing 1.55% to $3,385.30 as of 7:53 AM IST, marking a strong upward move driven by safe-haven demand.
The precious metal gained $51.58 during the session, trading near the upper end of its day’s range of $3,323.50 to $3,386.69. The rally comes amid heightened global uncertainty and cautious investor sentiment ahead of the US Federal Reserve’s interest rate decision due later this week.
Gold continues to benefit from volatility in equity and forex markets, with traders hedging against possible macroeconomic shocks. The price remains elevated within its 52-week range of $2,286.77 to $3,500.33, reinforcing bullish momentum.
With geopolitical tensions and central bank cues in focus, bullion is likely to remain a key asset class for traders seeking stability.
