Gold prices returned to $5,200, affected by US trade uncertainty and Middle East risks.

Gold prices have rebounded above $5,200, supported by continuing uncertainty around US trade policies and geopolitical risks in the Middle East that are fueling safe-haven demand. In early trading, New York gold futures rose 0.7% to $5,212.10 per ounce. Soojin Kim of Mitsubishi UFJ said, "Gold prices have stabilized above $5,000 per ounce, recovering more than half of the steep declines earlier this month." She added, "However, with strong labor market data and cautious signals from Fed officials, the market expects US interest rates to remain high for a longer period, which could limit further upside for non-interest-bearing gold." Meanwhile, silver futures rose 3.8%, breaking through $90 per ounce.