Gold approaches two-week peak before Fed meeting
Gold prices rose to their highest level in two weeks, reaching approximately $4,113 per ounce, as investors awaited the U.S. Federal Reserve's decision on interest rates next week. Expectations suggest that the bank will keep interest rates steady until the end of 2026 to combat ongoing inflation that has persisted for five years. Other precious metals also saw notable gains, with silver climbing to $59.82, platinum reaching $1,655.61, and palladium rising to $1,302.25. This indicates ongoing economic tensions and anticipation of Federal Reserve policies that impact the gold market and precious metals.
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