Gold Holds Steady Amid Investor Focus on Fed's 2026 Easing Pace

• Gold is steady as investors focus on the US Federal Reserve's monetary easing pace in 2026, rather than the near-term rate cut.
• Bullion is trading just above $4,200 an ounce, while 10-year Treasury yields reached a two-month high.
• Swap traders expect a quarter-point Fed rate cut this week but now anticipate only two further cuts by end of 2026, down from three.
• Gold has gained roughly 60% this year, driven by central bank purchases and strong ETF inflows, despite pulling back from a peak of $4,380.
• Analysts warn that a potential Fed pause in rate cuts could weigh on gold, possibly pushing it below $4,000 if easing momentum slows.

Why It Matters: Your gold investments are tied to future US interest rate policy.