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Gold steadies at $4,285 amid rate outlook
Gold prices remained steady at $4,285.31 per ounce, as investors focused on the expectations of an interest rate hike by the U.S. Federal Reserve this year, amid signs of economic recovery and inflationary pressures. Silver prices decreased by 0.6% to $64.08, while platinum remained unchanged at $1,749.47. Palladium saw a slight increase of 0.2%, reaching $1,261.95. Although gold is considered a hedge against inflation, expectations of tightening monetary policy reduce its investment appeal due to the lack of yields.
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