Gold prices have remained stable near their all-time highs, trading at around $2,720 per ounce. There was a slight increase earlier in the week, but the market closed slightly lower.

Traders are currently evaluating conflicting statements from Federal Reserve officials regarding future interest rate adjustments. Kansas City Fed President Jeffrey Schmid supports a more gradual approach to rate reductions, while San Francisco Fed President Mary Daly believes further cuts are necessary to address potential risks in the labor market. These differing views are impacting market sentiment as investors consider the implications for monetary policy and economic stability.