Gold stays below $4,100 as investors brace for next week's Fed rate decision

Gold trading on July 24 kept prices below the psychologically significant $4,100 per troy ounce threshold. Investors are holding back from aggressive buying, preferring to wait for next week's Federal Reserve meeting. The key question remains whether policymakers will hold rates steady or signal a potential hike amid oil prices climbing toward $100. Subdued demand for gold is also linked to a stronger dollar and rising US Treasury yields. Nevertheless, analysts maintain a constructive longer-term outlook for the metal given the elevated level of global uncertainty.