The following is an update on XAUUSD news today, April 3 2024. Gold prices (XAU/USD) are consolidating bullishly after reaching new highs around $2,288-2,289 during the Asian session. Geopolitical turmoil and uncertainty about the Fed's interest rate policy have made investors choose gold as a safe haven. The decline in the US Dollar (USD) also supported gold prices. Despite overstretched conditions, gold prices tend to rise against a strong fundamental background.
 
Daily Digest of Market Movers, Gold prices continue to rise as a safe haven amidst geopolitical tensions. US data showed growth in the manufacturing sector, while the Federal Reserve assessed a gradual decline in inflation. US bond yields rose, limiting the US Dollar's decline. Investors look forward to the employment report and speeches by FOMC members.