Gold experienced a slight increase during early Asian trading hours, likely supported by a technical rebound after the front-month gold futures contract on the COMEX declined 1.2% overnight. Spot gold rose 0.1% to $5,012.08 per ounce. However, Joseph Dahrieh of Tickmill noted in an email that rising oil prices continue to fuel global inflation concerns. The managing director stated that such concerns could lead central banks to adopt more cautious monetary policies, which may support bond yields and limit gold's short-term upside potential.
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