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Commodities

Gold Prices Rise Ahead of Fed Rate Decision Amid Middle East Uncertainty

Guavy AI Editorial Team
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Gold
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Gold prices are experiencing a modest rise in international trading as investors remain cautious ahead of next week's U.S. Federal Reserve interest rate decision and assess the impact of Middle East tensions on inflation and global financial markets.

As of 2:10 a.m. Bangladesh time on Saturday, spot gold was up 0.1% at $4,052.78 per ounce.

U.S. gold futures for August delivery gained 0.5%, settling at $4,070.80 per ounce.

Precious metals trader Tai Wong told Reuters that gold prices appear poised to recover, although risks remain if geopolitical conditions in the Middle East deteriorate further.

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