Gold prices in the Asian market remained flat in the early session, with potential for further increases in the future

Spot gold traded steadily in the Asian morning session, remaining above the psychologically important level of $3,600 per ounce. Spot gold was flat at $3,634.93 per ounce. Analysts at Sukutun Financial wrote in a report that the decline in U.S. Treasury yields and the weakening dollar have created "perfect conditions" for precious metals. The Chief Investment Office of Standard Chartered Group stated in a report that although gold appears technically overbought in the short term, it may rise further in the future after experiencing several months of consolidation. The report noted that the possibility of the Federal Reserve cutting interest rates and the long-term demand from central banks will continue to support gold prices