Gold (XAU/USD) is stabilizing above the $2900 mark as it recovers from a substantial decline of 1.3% earlier this week. Market reactions to weak US consumer confidence data and tariff threats have caused turmoil, prompting traders to reassess their positions. With expectation of a 25 basis points rate cut projected by the Federal Reserve this June, yields have dropped significantly, further influencing the gold market. As traders weigh these factors, attention remains on how gold will navigate the rest of the trading day.