Analyst: Gold prices rose slightly due to the possibility of a technical rebound.

The price of gold rose slightly due to the possibility of a technical rebound, after gold futures fell 2.8% overnight in recent months. Konstantinos Chrysikos, the customer relationship management director at Kudotrade, stated in an email, "As major markets are closed for the holidays, reduced liquidity may exacerbate short-term price volatility." However, he mentioned that the broader outlook for gold remains essentially unchanged. Chrysikos added, "Although diplomatic channels in Eastern Europe and the Middle East are active, actual agreements have not yet been reached in these regions, which has sustained risk and demand for the precious metal." Spot gold rose 0.2% to $4,889.36 per ounce.