Gold Prices Remain Above $5,000 Amid Geopolitical Tensions

Gold prices continue to stay above $5,000, driven by ongoing geopolitical risks that fuel demand for safe-haven assets and a broad sell-off in currencies and sovereign bonds. According to Odaily, investors are closely monitoring the upcoming U.S. consumer confidence data set to be released on Tuesday evening, as well as Federal Reserve Chair Jerome Powell's speech on Wednesday. FP Markets analyst Aaron Hill noted that if Powell firmly counters political pressure and demonstrates a strong stance on maintaining the Fed's independence, it could temporarily boost the dollar. Conversely, if he indicates support for gradual rate cuts, it may further weaken the dollar.