Asian markets in the morning, gold prices fell, perhaps due to technical pullback and profit-taking.

The price of gold fell in early Asian trading, possibly influenced by technical corrections and profit-taking, after the overnight settlement price of the near-month contract of gold on the New York Mercantile Exchange hit a historical high. Spot gold fell by 0.3%, trading at $4,611.82 per ounce. However, geopolitical risks typically enhance the safe-haven appeal of precious metals, which may limit further declines in gold prices. Bas Kooijman of DHF Capital stated that market attention may continue to focus on developments in Iran and other areas in the region, as well as potential actions by the United States. The CEO and asset manager added, "The tense situation in Eastern Europe remains unresolved, keeping geopolitical risk premiums elevated."