Gold prices rose after concerns about the Federal Reserve’s stance on interest rates eased. Traders judged Fed Chair Jerome Powell’s remarks as less hawkish than expected, supporting the metal’s upward move. Inflation risk worries also subsided, although Powell reiterated the need for price stability and inflation control.
Investors are now turning their attention to the U.S. Non‑Farm Payrolls report due Thursday, which could significantly influence market expectations for the Fed’s next policy decision.