Gold Prices Stuck in $4,300-$4,500 Range Amid Interest Rate, Energy Worries

Gold prices have been hovering in a narrow range of $4,300 to $4,500 due to the current interest rate environment. As interest rates are elevated, non-yielding assets like gold may struggle.

However, there is a possibility that progress in the Middle East could lift gold prices despite traders seeking safety in gold. The key factor at play is energy, and as long as it remains threatened, gold prices will likely suffer.

The market is expected to remain short-term focused until clarity on these issues is achieved. For now, things are 'hit-or-miss'.