In the Asian market early trading session, international spot gold prices edged higher, and market trading sentiment remained rational. The rise in gold prices is mainly due to the easing of the Middle East situation and the decline in geopolitical risk premiums, providing support for the gold market.

Expectations of a cooling of the Middle East conflict have increased, easing concerns about rising oil prices. Energy prices stabilized, reducing global inflation pressures and alleviating market concerns about central banks restarting interest rate hikes. As expectations of rate hikes diminish and safe-haven sentiment is released, the attractiveness of gold assets remains stable, supported by low levels and a rebound.

As of the Asian market early trading session, spot gold rose 0.3%, quoted at $4,686.07 per ounce. In the short term, focus remains on geopolitical developments and global monetary policy expectations, and gold prices may continue to fluctuate with a slight upward bias, maintaining the support from these factors.