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Gold Prices Steady Below Key Level As Fed Decision Looms

Gold Prices Remained Firm On Monday, Hovering Just Below The $3,000 Mark. Investors Are Closely Watching The Upcoming Federal Reserve Policy Meeting. Market Uncertainty Continues To Influence Gold’s Movement.

Gold Holds Steady Amid Market Caution

Spot Gold Rose 0.5% To $2,998.14 An Ounce By 01:30 P.m. ET On March 17, 2025. It Had Previously Hit A Record High Of $3,004.86 Last Friday. Meanwhile, U.S. Gold Futures Settled 0.2% Higher At $3,006.10. Investors Are Waiting For The Fed’s New Economic Projections, Which Could Indicate The Impact Of President Donald Trump’s Policies.

Fed Policy And Economic Concerns Impact Gold

The Federal Reserve Is Expected To Keep Interest Rates Steady On Wednesday. However, Markets Anticipate A Possible Rate Cut In June. Lower Interest Rates Tend To Benefit Gold, As It Is A Non-yielding Asset. According To Analysts, A Weaker Economic Outlook Could Further Support Gold Prices In The Coming Months.

Global Market Uncertainty Fuels Demand

U.S. Retail Sales Data Showed Moderate Growth In February. Despite This, Concerns Remain Over Import Tariffs And Layoffs Affecting Economic Sentiment. Treasury Secretary Scott Bessent Recently Stated That While A Recession Is Not Guaranteed, Economic Adjustments Could Be Necessary. Gold Continues To Serve As A Hedge Against Uncertainty, Driving Demand.

Geopolitical Factors Add To Market Volatility

Meanwhile, U.S. President Donald Trump Announced Plans To Speak With Russian President Vladimir Putin Regarding The War In Ukraine. This Geopolitical Tension Adds Another Layer Of Uncertainty To Global Markets, Further Influencing Gold Prices. Analysts At Heraeus Metals Suggest That Escalating Trade Conflicts Could Push Gold Prices Higher.

Other Precious Metals Movement

Silver Remained Unchanged At $33.78 An Ounce, While Palladium Rose 0.2% To $967.01. Platinum, On The Other Hand, Gained 0.9%, Reaching $1,002. Precious Metals Markets Remain Volatile As Investors React To Economic And Geopolitical Events.

Conclusion: Gold Prices Await Fed's Next Move

Gold Prices Continue To Hover Below $3,000 As Traders Await The Fed’s Decision. Market Volatility And Economic Uncertainty Remain Key Drivers. Investors Are Closely Watching Upcoming Economic Data And Geopolitical Developments For Further Market Cues.

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