Gold prices stabilized above $4,000 per ounce, currently trading near $4,010, after rising 0.5% in the previous session. Traders are preparing for the Federal Reserve's expected decision to keep interest rates unchanged this week. Meanwhile, a new round of diplomatic efforts has boosted hopes of avoiding an escalation in the US-Iran conflict, sending oil prices lower for a second consecutive day; renewed market enthusiasm for artificial intelligence is poised to drive stock market gains.