Commodities
Gold Prices Regain Ground, Remain Below $4,300 Amid Fed Rate Hike Expectations
World gold prices have regained some ground after falling sharply in the previous session. Despite this recovery, they still trade below $4,300 per ounce.
The precious metal is under pressure due to rising US bond yields and higher interest rate prospects, which reduce its attractiveness. The market continues to assess the Fed's interest rate outlook, with investors awaiting further cues from policymakers.
Spot gold prices increased by 0.14% to $4,293.20 per ounce in the noon trading session on September 24th. December gold futures contracts rose by 0.28% to $4,330.34 per ounce.