Gold steadied around $4,363.01 per ounce following an earlier monthly pullback. The Federal Reserve raised its benchmark rate to 3.75%-4.00%, marking its first hike since 2023, with projections indicating another potential increase by year-end. The Fed’s inflation forecast stands at 3.7% for 2026, remaining above target and contributing to cautious market sentiment. This environment is shaping market expectations for gold’s year-end performance.
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