Gold prices were flat in early Asian trading, according to Gold10. While the market is hopeful of future rate cuts after the Fed made less-than-expected hawkish comments, the realization that rates are likely to remain higher for longer weighed on sentiment. Easing geopolitical risks in the Middle East also reduced investors' appeal for safe-haven assets. Investors are preparing for the U.S. nonfarm payrolls data for April, which will be released later today. Spot gold was last at $2,304.59 an ounce.
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