In early trading in Asia, the price of gold remains stable as traders digest US data.

Asian morning gold prices remain steady, traders are digesting recent U.S. economic data. Spot gold is holding steady, trading at $3,631.53 per ounce. Analysts at ANZ Bank report that the consumer price increase is in line with expectations, but other data shows that initial jobless claims have soared to their highest level in nearly four years. However, they said that the short-term outlook for the precious metal remains bullish. Investors are expected to continue to favor safe-haven assets as geopolitical tensions rise.