Gold prices remained stable in the secondary market, as investors focused on the Federal Reserve's meeting to clarify how President Donald Trump's policies are impacting their decisions. Experts expect that the Fed will not change the benchmark rates this month.
It is expected that the Federal Reserve will maintain its monetary policy amid the stabilization of the labor market and the revival of the economy. However, investors are still looking for new signals from the central bank about its plans for further actions.
"We do not expect that notable changes in the monetary policy of the FRS will be marked this summer," analysts reported. "However, markets will be closely monitoring any comments from the Fed regarding inflation and the overall state of the economy."
It is noted that gold has recently become a subject of persistent investor attention due to instability in bond markets and geopolitical risks.
