Gold prices in the Asian market rose in early trading, possibly due to technical rebounds and a boost in buying interest at lower levels.

Gold prices rose in early Asian trading after a recent sharp drop, possibly driven by technical rebound and buying interest at low levels. Spot gold rose by 1.7% to $4,738.21 per ounce. Chris Beauchamp of IG stated in an email, "We have seen buying interest emerge at the lows." The chief market analyst added, "The fundamentals of this trade have not changed, but now investors need to ask themselves whether they truly believe in these fundamentals or if they are just being swayed by one of the most impressive price movements in recent years."