Gold Holds Above $5,000 as US Q4 GDP Grows by 1.4%

Gold prices maintained their historic position above the $5,000 per ounce mark following the release of key US economic data and ongoing geopolitical tensions. Latest figures show the US Gross Domestic Product (GDP) grew at an annualized rate of 1.4% in the fourth quarter, providing market participants with a clearer picture of the economic landscape. While safe-haven demand remains high due to Middle East uncertainties, investors are now shifting their focus toward upcoming Core PCE inflation data. This report will be crucial for gauging the Federal Reserve's next move regarding interest rates. Technically, gold's ability to hold above the $5,000 threshold signals strong psychological support despite steady economic expansion. Consequently, the balance between economic resilience and inflationary pressures will dictate the next directional move for XAU/USD.