Gold prices found a floor near $4,550 per ounce after the Federal Reserve opted to keep interest rates unchanged. The central bank highlighted inflation risks and economic uncertainty stemming from the conflict in Iran.
- Gold price stabilized near $4,550 per ounce
- Bullion experienced a 3.4% decline over the previous three sessions
- Fed signals inflation risks linked to the conflict in Iran
- Market participants have abandoned bets on a rate cut this year
- Potential rate hikes are now being priced in for 2027
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