Asian Market Gold Slightly Higher in Early Trading, Supported by Some Favorable Factors

Gold in the Asian pre-market slightly moved higher, supported by some favorable factors. Spot gold rose 0.1% to $4,340.39 per ounce. Bas Kooijman of DHF Capital said that the market is expecting loose monetary policy in the US, ongoing geopolitical risks, and strong investor demand. The CEO and asset manager stated that investors are currently focusing on the CPI data for November, which will be released later today. Kooijman added, "Any signs of a decrease in inflation could lower yields, pressuring the US dollar, and open the door for gold to challenge historic highs."