Asian markets saw gold prices remain steady during the morning session, with the possibility of further increases in the future.

Spot gold traded steadily in early Asian trading, but remained above the psychological important level of $3,600/ounce. Spot gold was flat at $3,634.93/ounce. Analysts at SocGen Financial wrote in a report that the decline in US Treasury yields and a weaker US dollar "created perfect conditions for precious metals." The chief investment office of Standard Chartered Group stated in a report that although gold may look overbought in the short term technically, after months of consolidation, it may further rise in the future. The report stated that the possibility of a rate cut by the Federal Reserve and long-term demand from central banks around the world will continue to support gold prices.