Gold Prices Stable Above $4,300 as Traders Await Central Bank Decisions
Gold prices remained stable above $4,300 on Monday as traders were cautious ahead of central bank events.
The US Federal Reserve, Bank of England, and Bank of Japan are set to announce their decisions this week, with many expecting a hawkish stance from the Fed due to inflation risks.
Crude oil prices remain near a high not seen since May 21, amid Middle East tensions and clashes in the Strait of Hormuz.
This has boosted the safe-haven US Dollar, which is holding back gold's upside potential.