According to Golden Ten Data as of April 6, Sky Links Capital CEO Daniel Takiyedin noted that as expectations of the U.S. Federal Reserve's rate cuts weaken, the potential for gold to rise may be limited. Strong US labor market indicators support US bond yields and put pressure on gold. Ongoing diplomatic efforts maintain market expectations regarding a possible resolution to the Middle East conflict, which also increases uncertainty about gold prospects. Nevertheless, geopolitical risks outside the Middle East, as well as continued gold purchases by central banks of various countries, continue to support the metal's prices. He noted that short-term gold price movements will depend on upcoming US economic data, signals from the Fed, and developments in the geopolitical situation.