Gold prices rose slightly in early trading in Asia, boosted by the possibility of a technical rebound.

The price of gold rose slightly due to the possibility of a technical rebound, after the overnight settlement price of gold futures fell by 1.3% in recent months. Spot gold rose 0.1% to $3,934.70 per ounce. Bart Melek, head of commodity strategy at TD Securities, stated in a research report that it is not surprising for gold to consolidate in the lower trading range of $3,800-4,050 per ounce. The head of commodity strategy said that the "perfect" gold bull market environment has been eroded by uncertainties about the prospect of a rate cut by the Fed and concerns about central banks and Chinese retail buyers. However, Melek added that after consolidation, the average price of gold may reach a new quarterly high above $4,400 per ounce in the first half of 2026.