Gold Holds Steady Amid Fed Meeting Outlook

Gold prices remained relatively stable following a significant weekly drop, with traders closely monitoring high energy prices ahead of the Federal Reserve's upcoming meeting. The precious metal hovered around $4,000 per ounce, down more than 4% from the previous week, marking its lowest level since July. Energy markets showed slight recovery, with oil prices moving away from a six-month peak, influenced by President Donald Trump's comments on potential actions against Iran. Meanwhile, US consumer sentiment dipped to a five-month low in October, adding to the economic uncertainties affecting market dynamics.