Gold prices hit two-week high as dollar weakens ahead of Fed meeting
Gold climbed to a two-week peak, buoyed by technical buying, a weaker dollar, and investor anticipation of next week's US Federal Reserve meeting.
Key Takeaways
AIGold prices rose today to their highest level in two weeks, supported by technical buying, a weaker US dollar index, and investor anticipation ahead of next week's Federal Reserve meeting.
Spot gold climbed 1.7% to $4,145.24 per ounce, reaching its highest since July 7. US gold futures for August delivery jumped 1.9% to settle at $4,151.90.
Among other precious metals, spot silver gained 2% to $59.98 per ounce, platinum rose 0.7% to $1,640.63, and palladium increased 1.4% to $1,299.47.