Gold Prices Rebound Near $4,345 After Fed Rate Hike and Dollar Weakness

Gold prices bounced back to near $4,345 during the early Asian session on Friday, supported by a weaker US Dollar and declining oil prices. This movement followed the Federal Reserve's decision on Wednesday to raise interest rates by 0.25%, according to FX Street.

The Fed's rate hike appears to have dampened the US Dollar's strength, providing relief for gold, which typically benefits from a softer dollar. Additionally, the Australian Dollar gained some ground against the US Dollar on Thursday in response to the Fed’s policy update.

For Japanese investors, these developments highlight ongoing volatility in global FX and commodity markets, underscoring the importance of monitoring central bank moves and their impact on safe-haven assets like gold.