Gold remains near $4,350 amid policy outlook

Gold prices have risen to approximately $4,350 per ounce as investors await the direction of U.S. interest rates. The decline in oil prices has eased inflation concerns and impacted expectations of interest rate hikes. This comes amid expectations that interest rates will remain high for a longer period, following the Federal Reserve's quarter-point rate hike last week, with signals that further increases are being considered. The drop in oil prices is helping to reduce inflationary pressures, supporting gold prices, while the market awaits more statements from Federal Reserve officials regarding the potential for further rate hikes in October.

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