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Gold Price Steady Near Daily High as Safe-Haven Demand Rises, USD Weakens

Adding to gold's appeal is a weaker US Dollar, which continues to trade below a multi-week high, making the precious metal more attractive to holders of other currencies.

Market participants are now shifting their focus to the upcoming Federal Reserve policy meeting, which begins Tuesday. The two-day FOMC meeting is expected to provide fresh insights into the central bank’s rate path, which could significantly influence gold’s short-term direction.