📉 Gold Drifts Lower as Risk-On Sentiment Curbs Safe-Haven Demand

Gold ($XAU ) slipped lower on Tuesday, ending a two-day winning streak as markets embraced a more positive risk tone. With easing geopolitical concerns and upbeat risk appetite, investors moved away from the traditional safe-haven metal. However, the downturn is modest and the precious metal remains supported by expectations of multiple rate cuts from the US Federal Reserve this year, which tends to keep the US Dollar softer and underpins gold prices. Traders are now cautious heading into key US economic data this week, including the Nonfarm Payrolls report and inflation figures.

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