During Asian morning trading, international spot gold strengthened as the U.S. dollar index and U.S. Treasury yields declined simultaneously, boosting the appeal of non-yielding precious metals and prompting a return of capital to the gold market.

As of the Asian morning session, spot gold rose by 0.8% in the short term, quoted at $4,444.07 per ounce. The decline in U.S. Treasury yields lowers the opportunity cost of holding gold, while a weaker dollar reduces the purchase cost for overseas buyers, with both factors jointly supporting higher gold prices.

Market expectations for Federal Reserve monetary policy remain volatile, with fluctuations in U.S. Treasuries and the dollar dominating the short-term momentum of gold. Future movements in these two indicators should be closely monitored to determine whether the gold price rebound can be sustained.