Asian markets saw gold prices rise in early trading, possibly driven by a technical rebound.

Gold rose in early trading, possibly driven by a technical rebound, after overnight settlement prices for gold futures fell by 2.2% in recent months. Traders are still digesting the decision of the Federal Reserve overnight. Spot gold rose by 0.4%, to $4,836.39 per ounce. Antonio Di Giacomo from XS.com stated in an email that although the Federal Reserve maintained interest rates unchanged as widely expected by the market, this decision reinforced their strategy of waiting for clearer signals before adjusting the rate trajectory. The senior market analyst stated, "On one hand, there is room for monetary policy easing." The analyst added, "On the other hand, risks related to oil prices and geopolitics limit the pace and magnitude of any rate cuts."