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Gold reaches two-week peak

Gold reaches two-week peak

Gold prices have risen to their highest levels in two weeks, supported by increased buying by investors as markets await the U.S. Federal Reserve's meeting, which may announce changes to interest rate policies. The price of August-delivered futures contracts reached $4,122.10 per ounce, up 1.12%, while the spot price increased to $4,110.99 per ounce after hitting its highest level since July 7, 2026. The rising demand for gold reflects concerns about inflation, geopolitical tensions in the Middle East, and potential impacts on U.S. monetary policies, especially amid ongoing tensions between the United States and Iran, as well as market expectations regarding future interest rates and inflation.

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