Gold prices held steady as investors assessed the ongoing risk of inflation and the future trajectory of interest rates, following the Federal Reserve's initial rate hike since 2023. Bullion was trading near $4,375 per ounce, building on a moderate gain from the previous week.
Several Federal Reserve policymakers are scheduled to speak publicly throughout the week. These speeches will be closely watched for insights into the pace of future interest rate adjustments, especially after the Fed's unanimous decision to raise rates by a quarter percentage point at their September 15-16 meeting. This move was intended to curb inflation, which has consistently exceeded the Fed's 2% target for over five years.
