- Faced with difficulty gaining upward momentum in gold prices during Tuesday’s trading session, as expectations persist for interest rates to remain high for longer, weighing on investor sentiment, while market participants await remarks from Federal Reserve officials in search of clues about the path of monetary policy in the period ahead.

Spot gold prices have largely stabilized at $4,342.41 per ounce, while U.S. gold futures fell 0.1% to $4,379.30 per ounce.

Gold is traditionally viewed as a hedge against inflation and geopolitical risks, but its appeal tends to wane in a high-interest-rate environment, as investors prefer assets that provide returns and interest.