Gold prices remained near $4,500 after comments from a Federal Reserve official dampened expectations of further interest rate hikes.
Gold prices held near $4,500 on Friday, supported by remarks from Federal Reserve official Christopher Waller that reduced market expectations for further interest rate increases.
The precious metal's stability comes as traders adjusted their outlook on US monetary policy following Waller's comments.
Why this matters: Gold's price movement reflects shifting expectations for US interest rates, which can influence investor sentiment and currency markets.
What this means for you: If you invest in gold or gold-related assets, changes in Fed rate expectations could affect their value.
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