Gold prices have remained stable due to a recent cease-fire agreement between Israel and Hezbollah, which has reduced the demand for safe-haven assets.

This agreement, which involves a 60-day suspension of hostilities, has shifted market sentiment and resulted in a decline in gold prices of more than 3% earlier this week.

Currently, gold is trading at around $2,630 per ounce. Traders are now closely monitoring upcoming U.S. economic data, as it could provide insights into the Federal Reserve's future interest rate decisions. These indicators are expected to have an impact on investment strategies in the precious metals sector.