Gold prices fluctuate amid Israel-Hamas war and market uncertainties

Gold prices fell as safe haven demand paused, following a strong rally due to the Israel-Hamas war. Investors are now watching for any potential spillover into the Middle East region. Higher U.S. rate outlook limits gold's appeal, as it pushes up the opportunity cost of investing in the yellow metal. Meanwhile, copper prices rebounded after hitting a five-month low, with focus on China's GDP data and its impact on copper demand.