Gold price sees a modest dip during the Asian session on Thursday, benefiting from geopolitical risks and fears of a trade war, which help limit losses. US bond yields have rebounded slightly, a development that undermines the non-yielding gold. The ongoing hawkish stance from FOMC members, including Powell, suggests that the US central bank will proceed cautiously with rate cuts. The prevalent risk-on sentiment and lack of significant US Dollar buying also affect the precious metal's price.
Traders await the Nonfarm Payrolls report to take a decisive position