In the early trading session, gold prices in the Asian market edged up slightly, while facing a mix of bullish and bearish factors.

In a situation where there is a discrepancy in market signals, the price of gold rose in early Asian trading. Spot gold rose by 0.1% to $5,194.89 per ounce. "The gold market is currently facing a tug-of-war between bulls and bears," said Antonio Di Giacomo of XS.com in an email. The senior market analyst stated, on one hand, "uncertainty in geopolitics in the Middle East is supporting demand for safe-haven assets." On the other hand, the analyst added, "the strengthening US dollar and rising bond yields are limiting its upside potential." The analyst also mentioned that investors may closely monitor upcoming US inflation data, especially the CPI and Personal Consumption Expenditures Price Index.