Russia Producer Price Index (YoY) declined to -5% in January from previous -3.3% | FXStreet

Gold price holds positive ground near $4,985 during the early Asian session on Thursday. The precious metal recovers amid shifts in geopolitical sentiment, boosting safe-haven demand. Traders will keep an eye on the release of US InitialJobless Claims, Pending Home Sales data, and the Fedspeak later on Thursday.