Gold Holds Steady Near $4,009 as Middle East Risks Loom
Gold prices remained stable around $4,009 per ounce as traders assessed Middle East developments and their potential impact on inflation and Fed policy. Markets await next week's Federal Reserve rate decision.
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Gold held steady near $4,009 an ounce on Friday as traders monitored escalating Middle East tensions and their potential implications for inflation and Federal Reserve policy.
Investors continue to weigh rising energy costs against softer U.S. economic data, with all eyes now on the Fed's upcoming rate decision next week. The safe-haven metal has found support from geopolitical uncertainty while conflicting signals on the economy keep price action contained.
Source: First Squawk