Gold prices moved significantly higher during the current market session, crossing the 1.50% alert threshold. The primary drivers for this upward move appear to be a weakening U.S. dollar and a concurrent decline in Treasury yields. This dynamic makes gold, a non-yielding asset, more attractive to investors. Additionally, ongoing geopolitical tensions are providing a supportive undercurrent for the precious metal, enhancing its safe-haven appeal. Market participants are also weighing the possibility of a less aggressive Federal Reserve interest rate policy in light of recent subdued inflation data.