Gold prices remained stable above the $4,000 mark per ounce as traders positioned themselves ahead of the Federal Reserve's interest-rate decision due later Wednesday. The precious metal saw a 1.1% increase from the previous session, benefiting from dip buyers entering the market.
The recent selloff in AI-related stocks last week had contributed to gold's decline to its lowest level since mid-July, as investors liquidated the metal to cover losses in other areas. Meanwhile, oil prices held steady after a two-day drop, with traders closely monitoring the outcome of a tight Israeli election.
Stocks advanced as enthusiasm for the artificial intelligence sector rebounded. The broader market movements reflected a mix of cautious optimism and strategic adjustments ahead of the Fed's policy announcement.