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Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Gold dipped more than 2 percent in the previous session, its largest intraday decline in over a year
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Strong dollar and rising treasury yields impact gold's appeal
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year
Investors eye Federal Reserve meeting minutes and inflation figures for market direction
