In Asian morning trading, spot gold came under slight pressure and declined amid ongoing Middle East geopolitical tensions, as market expectations for concentrated selling driven by liquidity needs warmed up. As of the morning session, gold fell 0.2% to $4,481.77 per ounce, showing weak oscillation in the short term.

Current market trading logic has shifted toward funding dynamics, as some institutions and funds are selling gold to raise cash in order to address potential liquidity gaps, replenish margin requirements, and realize previous profits, offsetting geopolitical risk benefits.

Short-term gold prices face intensified bull-bear dynamics. Influenced by geopolitical uncertainty, liquidity concerns, and the U.S. dollar trajectory, prices are likely to continue range-bound consolidation in the near term, awaiting guidance from European and American session data and market sentiment.