Gold prices showed modest gains in early trading, rising 0.1% to $2,667.50 per troy ounce as traders position themselves ahead of key economic indicators. Central bank buying has emerged as a major price driver, superseding the traditional influence of gold ETFs according to Commerzbank analysts. China’s central bank has increased its gold reserves for two consecutive months, while broader market concerns about U.S. tariff policies under President-elect Trump and ongoing geopolitical tensions continue to support prices. Markets are closely watching for insights from upcoming Federal Reserve minutes and employment data.