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Gold Prices Steady as Fed Rate Hike Bets Keep Markets on Edge

BitcoinWorld Gold Prices Steady as Fed Rate Hike Bets Keep Markets on Edge Gold prices remained range-bound on Thursday as investors weighed the prospect of further Federal Reserve interest rate hikes, with the precious metal struggling to find direction amid mixed economic signals.

Market Overview: Gold Holds Steady Amid Rate Uncertainty Spot gold traded near $2,020 per ounce during European hours, holding within a narrow band as traders digested recent comments from Fed officials and awaited key inflation data.

The metal has been under pressure since early February when stronger-than-expected U.S. jobs data dampened hopes for early rate cuts.

The Federal Reserve has maintained its benchmark rate at 5.25%-5.50% since July 2024, but recent statements from policymakers suggest that another hike cannot be ruled out if inflation proves sticky.

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