Gold Prices Hold Steady Amid Middle East Concerns

Gold prices remained steady on Monday as market participants focused on developments in the Middle East and their potential impact on inflation and interest rates.

The spot price of gold was nearly unchanged at $4,379.74 per ounce by 0027 GMT, after reaching a one-week peak on Friday.

The Middle Eastern situation continues to be a major concern for investors, with Iran vowing 'painful' retaliation against the US ahead of the UN General Assembly meeting.