Gold prices remained stable after a two-day decline, supported by economic and geopolitical risks that increased demand for safe-haven assets. Although there were indicators suggesting that the upcoming round of US tariffs might be less broad than initially anticipated, with President Donald Trump's reciprocal tariffs possibly being less harsh. Reports indicated that the White House might exclude certain countries and is not currently planning to introduce trade barriers specific to particular sectors.

Chinese Premier Li Qiang expressed that China is ready for potential tariff shocks, while Australian Treasurer Jim Chalmers highlighted the significant impact of US policies on the global economy. Concerns still persist in the market regarding the impact of tariffs and the geopolitical uncertainty caused by Trump. Consequently, gold prices have surged by 15% this year, surpassing $3,000 per ounce for the first time, as investors seek safe-haven assets. Additionally, strong central bank buying and expectations of interest rate cuts have supported the precious metal.

As of 8:26 a.m. in Singapore, spot gold remained steady at $3,022.15 per ounce following a 1.3% increase the previous week. The Bloomberg Dollar Spot Index slightly decreased by 0.1% after a 0.8% climb in the preceding three sessions. Silver, platinum, and palladium also experienced upward movement.