Gold prices have experienced fluctuations due to a combination of factors, including a stronger US dollar, rising Treasury yields, and market sentiment regarding potential Federal Reserve rate cuts. Initially, gold prices eased as the US dollar and yields firmed, with XAU/USD trading near $2,380, reflecting reduced demand as US stock indexes rebounded. Despite this, optimism around potential rate cuts and geopolitical risks provided some support for gold prices. The global market rout and cautious optimism have kept gold trading subdued, with attention now turning to upcoming US inflation numbers for further direction.