Gold prices edged higher on Thursday as investors evaluated the Federal Reserve’s latest policy decision and its outlook for inflation after the central bank kept interest rates unchanged. The decision left markets uncertain about the timing of any future policy moves, prompting traders to reassess expectations for additional rate hikes. Investor attention is now shifting to the upcoming U.S. Personal Consumption Expenditures (PCE) inflation report, which could provide further direction for monetary policy and precious metals.

Geopolitical tensions also remained in focus after fresh U.S. military strikes in Iran added to uncertainty across the region, although easing concerns over energy supply helped limit gains in safe-haven assets as oil prices retreated from recent highs. While gold continued to benefit from cautious sentiment, the outlook remains closely tied to both inflation expectations and developments in the energy market. Meanwhile, silver and palladium posted modest gains, while platinum traded slightly lower as investors monitored the evolving macroeconomic and geopolitical landscape.