Gold Steadies Near $4,000 as Traders Weigh Interest-Rate Outlook (opens original article in a new tab)

Gold remained near $4,000 as traders considered the impact of a stronger US dollar and potential interest rate increases, with the metal facing challenges from tighter monetary policy and reduced investor enthusiasm.

• Gold traded in a narrow range near $4,000 after dropping below that level due to a stronger US dollar and expectations of higher interest rates.
• Federal Reserve policymakers showed support for higher borrowing costs, making gold less attractive compared to yield-bearing assets.
• Gold's recent decline marks the end of a multi-year bull run, with major banks revising down their price forecasts.