Gold prices remained stable around $4,650 during the Asian trading session on Wednesday as investors awaited key US Personal Consumption Expenditures (PCE) data. The release is expected to provide guidance on the Federal Reserve's future interest rate decisions, influencing market sentiment.
According to FX Street, gold extended its two-way price movements for the second consecutive day, maintaining levels just above $4,650. Traders appear cautious, balancing between risk and safe-haven demand amid uncertainty over the Fed’s next steps.
For Japanese investors, gold’s steady performance comes as the yen faces volatility amid shifting global monetary policies, highlighting the metal’s role as a hedge in uncertain times.