Commodities
Gold Prices Stagnate Amid High Interest Rate Expectations
Gold prices have been stagnant at $4,344.29 per ounce on Tuesday due to investor concerns about prolonged high interest rates.
Investors are awaiting remarks from Federal Reserve officials for policy cues following last week's 25-basis-point rate hike.
St. Louis Fed President Alberto Musalem noted that further rate increases may be necessary to curb inflation, which has been a major concern for investors.
In related markets, spot silver rose to $66.19 per ounce, platinum gained to $1,792.76, and palladium advanced to $1,305.10.