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الحقيقة الدولية
Gold stays steady before U.S. rate decision
Gold prices stabilized after declining to their lowest level in over a month, ahead of the upcoming Federal Reserve decision on monetary policy scheduled for Wednesday. Markets are expecting a quarter-point hike in the benchmark interest rate, raising it to a range of 3.75% to 4%, while investors await to see whether the bank will signal a moderate or aggressive tightening cycle. Gold remains risky due to rising interest rates, which reduce its attractiveness, despite being considered a hedge against inflation and geopolitical risks. Additionally, the increase in US Treasury yields and oil prices is heightening economic and geopolitical tensions, factors that directly impact the prices of gold and other precious metals.
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