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Gold nears two-week peak before US rate decision
Gold prices rose today to reach their highest level in about two weeks, supported by technical buying, as investors await the U.S. Federal Reserve's meeting next week for hints about interest rate expectations. The spot gold price increased by 0.9% to $4,113.73 per ounce, while August futures rose by 1.1% to $4,119.10. Other precious metals also experienced notable gains, with silver up 1.8% at $59.82, platinum up 1.6% to $1,655.61, and palladium up 1.6% to $1,302.25.
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