Gold Steady After Rally, Fed Rate Path and Mideast in Focus

Gold stayed supported at the start of the week, with the metal consolidating after a sharp advance. Market attention remained squarely on the Federal Reserve’s monetary policy trajectory and geopolitical developments in the Middle East.

The pause in buying activity suggested traders were digesting recent gains against a backdrop of shifting rate expectations. No fresh economic data or policymaker remarks were cited in the update.

Gold’s short-term direction continues to hinge on whether the Fed signals a cut or a hold, as well as any escalation or de-escalation in regional tensions.