Gold Holds Steady at $4,342.41 per Ounce Amid Rate Uncertainty

Gold prices stabilized on Tuesday with no significant movement, reflecting subdued market momentum following forecasts that U.S. interest rates will remain elevated for an extended period. Investor attention has turned to upcoming remarks from officials at the U.S. central bank in search of signals regarding future monetary policy direction.

At 0454 GMT, the spot price of gold stood unchanged at $4,342.41 per ounce. Meanwhile, U.S. gold futures contracts declined by 0.1 percent to $4,379.30.