Gold prices are steady in Asia thanks to continued strong demand. Even though many investors shifted to the US dollar, analysts say gold’s outlook remains bright over the long run. The switch to the dollar followed US President Donald Trump's hopeful comments about a trade deal with China after a call with Xi Jinping. The easing of tensions around a possible US strike on Iran also played a role. On Friday, gold traded at US$4,864 per ounce, down from its January 29 peak of US$5,600. Silver prices also fell to US$73 an ounce from a high of US$91.60 in late January. Last year saw gold jump 60% to US$4,300 per ounce, with a further 26% rise this year, as investors treated it as a safe investment during global uncertainty. Silver prices surged 147% last year to US$70 an ounce. Analysts say the recent price swings reflect Trump's changing stance on trade, especially tariffs. Despite volatility, investors continue to eye gold and silver for value and stability.