Global gold prices rose along with technology stocks Meta, Microsoft, and Alphabet.

Gold prices edged higher amid the decision by major central banks around the world to keep interest rates unchanged. In the US, the Federal Reserve (Fed) lowered interest rates by 0.25 percentage points, but Chairman Jerome Powell remained cautious due to disruptions in data from federal agencies caused by the government shutdown.

In Asia, the Bank of Japan continued its accommodative policy, helping the Nikkei 225 index to rise. In Europe, the European Central Bank (ECB) also kept interest rates unchanged for the third consecutive meeting, causing the euro to edge up slightly.

Globally, stocks recovered, but gold continued to attract attention as investors sought a safe haven amid an uncertain policy outlook.

Investors are closely monitoring the progress of trade negotiations between the US, China, and South Korea. President Donald Trump has met with these two leaders, sending positive signals about resuming trade cooperation. Although the US dollar has fallen slightly against the yen and euro, US bond yields continue to rise, indicating that money is still flowing towards safe-haven assets like gold.

Amidst a wait-and-see attitude, experts believe gold prices may maintain a slight upward trend, especially with the market lacking new economic data. With the Fed and ECB's "pause" policy, investors are seeking new directions in a market brimming with caution.

While gold prices rose, technology stocks also saw significant activity. Meta exceeded revenue forecasts despite warning of rising costs, Microsoft set a record thanks to its AI segment, and Samsung recorded a 32% increase in profits. Alphabet offered a glimmer of optimism for investors amidst the weakening performance of many other companies.

However, analysts warn that much of the good news has already been reflected in stock prices, making further major surprises unlikely. Conversely, gold continues to benefit from its role as a hedge against cost uncertainties and global economic risks.

According to experts from Capital.com and the National Australian Bank (NAB), the market is in a "waiting state," as most of the positive factors have already been reflected in prices.

The S&P 500 and MSCI Asia Pacific indices may fluctuate slightly unless new economic data emerges or there are major changes in monetary policy.

Gold prices are currently rising slightly along with US bond yields, while Brent crude is falling, indicating that investors are still seeking clearer direction. With global risks remaining undiminished and central banks maintaining a cautious stance, gold is expected to continue providing stability in the short term.

The world is entering a period of "calm observation." While the global economy shows many positive signs, risks from policy, trade, and business costs continue to keep investors cautious.

In that picture, the price of gold becomes a barometer of market sentiment – ​​not rising too sharply, but still strong enough to maintain its safe position during a period of volatility.