Gold prices rose in early Asian trading. Previously, gold prices rose overnight due to the weakening US dollar and falling US Treasury yields. Efforts to resolve the Middle East crisis will remain the main driving force for this precious metal, which fell sharply throughout the conflict as oil shocks fueled expectations of interest rate hikes and the inflow of safe-haven funds boosted the dollar. Kudo.com's Konstantinos Chrysikos said progress in resolving the crisis could reduce bond yields and benefit gold, while any setback could trigger demand for the dollar and put pressure on the precious metal. He said that the market still expects the Federal Reserve to raise interest rates at the next meeting, but the probability of keeping interest rates unchanged is rising — this shift may support the price of gold. The upcoming US employment data may influence whether more loose opinions will gain attention. Spot gold rose 0.6% to $4,276.31 an ounce.

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