Gold prices maintained their upward momentum for a fourth straight session, reflecting heightened demand for safe-haven assets as investors weighed Federal Reserve commentary suggesting a more cautious stance on interest rates. The metal rose modestly, driven by dovish remarks from Fed officials indicating that further rate hikes may not be imminent, despite persistent inflation concerns.
Market uncertainty, including geopolitical tensions and slowing global economic growth, has further supported gold’s appeal. As bond yields stabilized and the dollar softened, investors turned to gold as a hedge against volatility. Analysts now eye the next Fed meeting for signals on monetary policy direction, with gold’s resilience likely to remain tied to central bank moves and broader market dynamics.
