Gold Prices Hold Firm Amid Stable Interest Rate Expectations
Spot gold prices remain strong at the start of a new week, trading around US$4380 per ounce. The market's rise above $4400 per ounce last week came as markets expected interest rates to hold steady next month when the US Federal Reserve meets.
The anticipation of stable interest rates has boosted investor confidence in gold, which is seen as a safe-haven asset during times of economic uncertainty.