Gold reaches two-week high before Fed decision
Gold prices rose notably near their two-week high, influenced by investors awaiting the US Federal Reserve's decision on interest rates, along with escalating tensions in the Middle East following American strikes on Iran. The price of an ounce reached $4,113.73 in spot transactions, with expectations that interest rates will remain steady until the end of 2026 to combat persistent inflation. Meanwhile, the prices of other precious metals such as silver, platinum, and palladium increased. This comes amid rising threats and military conflicts between the United States and Iran, which have boosted demand for gold as a safe haven.
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