Spot Gold

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A downward revision of the U.S. Q1 GDP data weakened the dollar and U.S. Treasury yields, helping gold rebound after hitting a three-week low.

Stronger dollar, rising US Treasury yields, and hawkish comments from Fed officials dampened market sentiment, causing spot gold to fall to a two-week low.

Aided by a weaker dollar and safe-haven buying due to geopolitical concerns, gold prices continued to rebound, recording three consecutive daily gains.

On Monday, gold prices rebounded by nearly 1%, influenced by geopolitical tensions and a weaker dollar.