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Gold reaches two-week high ahead of US rate decision
Gold prices rose today to their highest level in about two weeks, driven by increased technical buying. Investors are closely watching the results of the U.S. Federal Reserve meeting, which could influence the direction of interest rates. Spot gold traded up by 0.9%, reaching $4,113.73 per ounce, while August futures climbed to $4,119.10. This also led to gains in other precious metals such as silver, platinum, and palladium, as the market awaits signals from the Federal Reserve meeting regarding monetary policy and the future path of interest rates.
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