Gold prices held steady Monday, recovering from earlier losses as a weaker dollar provided support. Elevated oil prices, driven by the ongoing conflict with Iran, are fueling inflation concerns. While this typically boosts gold’s appeal as an inflation hedge, the prospect of sustained high U.S. interest rates is tempering its attractiveness. Investors await the Federal Reserve’s policy decision this week.Read More
The dollar remains strong near a ten-month peak. Investors await key central bank meetings, including the US Federal Reserve and European Central Bank. Policymakers will assess the impact of higher oil prices on inflation and growth. The Australian dollar gains on hawkish rate expectations. The Japanese yen faces pressure due to energy import costs.Read More
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