Gold was steady as traders monitored a raft of developments in the Middle East conflict for clues on the energy price impact on inflation. The precious metal held its ground near recent highs as market participants assessed geopolitical risks.

Investors are closely watching oil supply disruptions that could reignite price pressures and influence central bank policy decisions. The conflict's potential to escalate and affect global energy markets remains a key driver for safe-haven demand.

Bullion traders are balancing geopolitical premium against rising interest rate expectations. Any signs of broader regional involvement could trigger fresh buying, while diplomatic progress may cap gains.