Gold rises after six-week low

Gold prices have risen after declining in previous months, as the market absorbs the Federal Reserve's decision to raise interest rates for the first time in over three years and signals the potential continuation of monetary tightening in the future. The price of gold increased to $4,295 per ounce after its recent decline to a six-week low, despite the Fed's decision putting pressure on the precious metal due to higher interest rates, which attract investors to yield-bearing assets. It is expected that interest rate hikes will continue even amid falling oil prices, as energy prices influence inflation and the yellow metal markets. Additionally, a decline in oil prices may help reduce inflationary pressures, providing central banks with room to ease monetary tightening, which in turn supports a rise in gold prices in the medium term.

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