Gold prices held steady on Monday, as a stronger dollar offset safe-haven demand fueled by geopolitical concerns. Spot gold was nearly unchanged at $1,825.79 per ounce.

Factors Influencing Gold Prices

The dollar index rose, making gold more expensive for holders of other currencies. This dollar strength countered the support gold received from geopolitical risks, including ongoing tensions in Eastern Europe and concerns about global economic growth.

Economic Data and Geopolitical Risks

Investors are closely watching economic data releases for signals about the pace of monetary policy tightening by central banks. Higher interest rates tend to reduce the appeal of gold, which is a non-yielding asset.

• Dollar Strength: A stronger dollar typically weighs on gold prices.
• Geopolitical Tensions: Uncertainty often boosts demand for safe-haven assets like gold.
• Interest Rate Expectations: Rising rates can diminish gold’s attractiveness.

Analysts suggest that gold’s price movements will likely remain sensitive to both economic data and geopolitical developments in the near term.