Gold prices in Dubai remained stable this Monday, with the 24K variant holding at Dh492.75 per gram. This consistent performance mirrors the pricing trends observed over the past month, while other popular segments—including 22K, 21K, 18K, and 14K—also saw little movement. On the global stage, spot gold hovered near $4,093.50 an ounce, reflecting a period of consolidation as market participants adopt a "wait-and-see" approach ahead of the upcoming US Federal Reserve policy meeting.

Market experts, including Vijay Valecha of Century Financial, suggest that while gold has faced pressure from rising energy costs and a stronger US dollar, it continues to find support around the $4,000 level. With geopolitical tensions impacting oil prices and a robust labor market fueling speculation of a September interest rate hike, investors are bracing for further volatility. Analysts remain cautious, noting that the combination of climbing Treasury yields and persistent inflation concerns will likely dictate the precious metal’s trajectory until the Federal Open Market Committee provides clearer guidance on future monetary policy.