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Gold prices (XAU/USD) remained range-bound near $2,345 on Monday, consolidating after a significant weekly decline from recent highs. The metal's flat performance reflects reduced safe-haven demand amid easing geopolitical tensions and improved risk appetite in global markets. Traders are now monitoring central bank policy shifts and inflation data for directional cues. This consolidation phase is critical for market participants as it tests the resilience of technical support levels around $2,300. A break below this threshold could trigger further downside, while a rebound above $2,400 would signal renewed bullish momentum. The upcoming U.S. non-farm payrolls report and Federal Reserve statements will be key catalysts. For Gulf investors, the gold market's volatility underscores the importance of hedging strategies amid uncertain global economic conditions. Regional demand for physical gold remains strong, but the metal's performance will ultimately depend on macroeconomic developments and central bank liquidity policies. Traders should watch for potential ETF inflows/outflows and OPEC+ policy updates.
