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US Spot gold holds steady amid geopolitical tensions

Gold rises 0.70%, supported by Middle East tensions and a weaker US Dollar.Safe-haven demand for gold spikes following drone attack in Jordan, amid global uncertainties.Investor attention on Fed meeting, with prevailing expectations of rate hold and focus on future policy outlook.

Gold price stood firm on Monday, gaining more than 0.70%, sponsored by rising tensions in the Middle East alongside the Greenback (USD) pairing its earlier gains during the day. As the Asian session begins, the XAU/USD exchanges hands at $2031.60, down by 0.07%, after bouncing from a weekly low of $2017.92 yesterday.

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