Gold rises to $4,400 Ahead of Fed Decision
UBS intends to purchase $8 billion worth of bonds aimed at reducing its debt, amid concerns over supply disruptions that have led to a weekly gain in oil. Gold prices also rose to $4,400 as investors await the Federal Reserve's decision on interest rate hikes. Additionally, the strengthening of the UAE and German economies has accelerated negotiations for a free trade agreement between the two countries and is further enhancing economic relations.
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