Gold bounces back toward $5,200 in Wednesday’s Asian session, moving away from an over one-week low. Sustained safe-haven flows, amid escalating geopolitical tensions in the Middle East, act as a tailwind for the bullion. However, a bullish US Dollar and reduced bets for more aggressive easing by the US Fed might keep a lid on the non-yielding yellow metal ahead of the US ADP report and ISM Services PMI data due later in the day.
Source: https://www.fxstreet.com/news/china-ratingdog-services-pmi-above-expectations-523-in-february-actual-567-202603040145
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