After the Federal Reserve raised interest rates for the first time since 2023, traders assessed continuing inflation risks and interest rate trends, and the price of gold remained stable. Spot gold traded around 4,375 US dollars per ounce, and the gold price recorded a slight increase last week. The Federal Reserve voted to raise interest rates by 25 basis points at the September 15-16 meeting. A number of Federal Reserve officials will deliver public speeches this week. The interest rate hike aims to cool down inflation. US inflation has failed to reach the Federal Reserve's 2% target for more than five years. Investors will pay close attention to official statements to find clues about the pace of subsequent interest rate hikes. Minneapolis Federal Reserve Chairman Neil Kashka spoke first about interest rates. He said on Sunday that inflation is still too high and inflationary pressure has spread, not just the impact on oil prices caused by the Iran war. In a television interview, he said, “The inflation that Americans feel on a daily basis is far more than just an oil price problem; inflation has penetrated all aspects of the economy.” Chicago Federal Reserve Chairman Austin Goulsby will deliver a speech later on Monday, while New York Federal Reserve Chairman John Williams will speak on Tuesday. Spot gold fell 0.1% to $4373.95 an ounce. Silver rose 0.2% to $66.38 an ounce. Platinum and palladium were slightly higher.

After the Federal Reserve raised interest rates for the first time since 2023, traders assessed continuing inflation risks and interest rate trends, and the price of gold remained stable. Spot gold traded around 4,375 US dollars per ounce, and the gold price recorded a slight increase last week. The Federal Reserve voted to raise interest rates by 25 basis points at the September 15-16 meeting. A number of Federal Reserve officials will deliver public speeches this week. The interest rate hike aims to cool down inflation. US inflation has failed to reach the Federal Reserve's 2% target for more than five years. Investors will pay close attention to official statements to find clues about the pace of subsequent interest rate hikes. Minneapolis Federal Reserve Chairman Neil Kashka spoke first about interest rates. He said on Sunday that inflation is still too high and inflationary pressure has spread, not just the impact on oil prices caused by the Iran war. In a television interview, he said, “The inflation that Americans feel on a daily basis is far more than just an oil price problem; inflation has penetrated all aspects of the economy.” Chicago Federal Reserve Chairman Austin Goulsby will deliver a speech later on Monday, while New York Federal Reserve Chairman John Williams will speak on Tuesday. Spot gold fell 0.1% to $4373.95 an ounce. Silver rose 0.2% to $66.38 an ounce. Platinum and palladium were slightly higher.