Gold Holds Near Two-Week High Amid Geopolitical Tensions and Fed Outlook
Gold prices remained close to a two-week high on Thursday as investors weighed rising geopolitical tensions in the Middle East against expectations of higher energy costs influencing Federal Reserve policy. Spot gold traded near $4,127 per ounce while gold futures dipped slightly. Silver and platinum also saw modest gains amid heightened safe-haven demand driven by renewed hostilities between U.S. and Iran-backed groups. The market is closely watching the Fed's upcoming meeting for signals on whether it will raise interest rates again. Analysts note that despite expectations of higher rates, continued buying into gold ETFs and speculative long positions has supported prices above $4,000 per ounce this week.
Topics: Fed policy outlook geopolitical tensions gold platinum silver