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After Rate Hike, Economists Weigh Tariffs’ Role in Inflation

Gold traded steadily around US$4,375 an ounce on Monday as investors weighed persistent inflation risks and the Federal Reserve's recent quarter-point interest rate hike.
Fed policymakers voted unanimously to raise interest rates by a quarter percentage point at their September 15-16 meeting, with several officials scheduled to speak publicly this week.
Minneapolis Fed President Neel Kashkari warned on Sunday that inflation remains high, noting that pressures have broadened beyond the oil-price shock from the war involving Iran.
President Donald Trump said he would "probably" be open to a meeting with Iranian counterpart Masoud Pezeshkian at the United Nations General Assembly in New York.
With the Fed's rate hike path largely priced in, gold lacks a "real narrative," said Justin Lin, an analyst at Global X ETFs, leaving bullion to trade off oil prices.

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