Gold prices remain resilient near $4,300 despite a 2% opening dip, while oil prices retreat toward $100 as supply constraints in Saudi Arabia begin to ease.
Oil prices fell below $100 per barrel following reports that Saudi Arabia's key East-West pipeline will be restored soon, easing supply concerns.
Gold prices remained steady after the Fed rate hike, as investors had already priced in the increase, with futures trading slightly higher intraday.
Gold futures trade steady at $4,354.60 following the Federal Reserve's first rate hike in three years, as investors had already priced in the move. Meanwhile, global oil prices dropped below $100 per barrel amid reports that Saudi Arabia's East-West pipeline is nearing restoration, easing supply-side concerns.
Gold prices remained steady as investors had already priced in the rate hike, with futures trading slightly higher intraday despite an initial 2% opening decline.
Oil prices dropped below $100 per barrel following reports that Saudi Arabia's key East-West pipeline will be restored soon, which helped alleviate supply concerns.