Gold Steady as Markets Await Fed Rate Decision
Spot gold remained stable at 4,598 dollars per ounce on Wednesday as markets looked to Jerome Powell for insights on how the Iran war may impact the economy.
Xurve View
Insights:
Xurve View
Gold rose 0.1% to $4,598.45 per ounce Wednesday as investors awaited Federal Reserve Chair Jerome Powell’s assessment of the Iran conflict. The metal hit its lowest price since April 2 in the previous session after peace talks reached an impasse. Traders are pricing in a pause on interest rates while monitoring geopolitical risks to global energy supplies.
