Precious Metals Preview: Gold hovers around $5200 per ounce in Asia

COMEX Gold futures are lingering around $5200 per ounce in Asia as investors remained cautious ahead of US inflation data due on Friday. Mild selling pressure was seen at higher levels, though losses were capped as geopolitical tensions in the Middle East, ongoing uncertainty over US trade policies. Gold traders are trying to assess demand trends in Chinese markets after the Lunar New year holidays. The US dollar index is hovering around 97.80 mark, up marginally on the day.

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