Gold (XAU/USD) trades with a mild upside bias on Thursday but remains confined within this week’s trading range as markets stay cautious ahead of key geopolitical developments. At the time of writing, XAU/USD trades at $5,174 as bulls struggle to sustain gains above the $5,200 level. The sideways price action reflects a lack of conviction among traders. Ongoing tensions in the Middle East and lingering uncertainty surrounding US trade policies continue to underpin safe-haven demand, helping to contain the downside. At the same time, fading expectations of near-term Federal Reserve (Fed) interest rate cuts are acting ... (full story)