Gold prices (XAU/USD) edge higher at the start of the week, climbing higher due to increased safe-haven demand driven by ongoing geopolitical tensions and a weaker US Dollar. However, gold prices remain capped below the $2,600 mark as market participants anticipate a measured approach from the Federal Reserve regarding policy easing.

Meanwhile in the currency markets, GBP/USD ends its six-day losing streak, trading near 1.2630 on Monday. A descending wedge formation on the daily chart indicates that selling pressure is easing, signaling a potential bullish reversal for the pair.

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