Gold Rallies on Softer Economic Data and Geopolitical Uncertainty
• Gold price rebounds near $2,070 on improved market sentiment and weaker US dollar
• Softer US economic data reinforces expectations of a dovish Fed in early 2024
• Declining US bond yields indicate investors anticipating lower interest rates
• Geopolitical uncertainty in the Middle East still a potential market mover
• Safe-haven assets like gold remain sensitive to shifts in market risk appetite