Gold Holds Steady Amid Inflation Concerns and Interest Rate Hikes

Gold prices have steadied after the Federal Reserve's interest rate hike, with investors weighing the risks of persistent inflation. The Fed raised rates by a quarter percentage point at its September 15-16 meeting, aiming to cool inflation that has remained above the 2% target for over five years.

The gold price is currently trading around $4,375 an ounce after posting a moderate gain last week. Several Fed policymakers are set to speak publicly this week, providing clues on the potential tempo of further interest rate adjustments.

Investors will be closely monitoring these comments for any indication of the Fed's next move in addressing inflation concerns.