Gold prices rise ahead of US Federal Reserve rate decision
Gold prices climbed for a second consecutive day on Tuesday as markets awaited the US Federal Reserve's interest rate decision.
Key Takeaways
AIGold prices rose for the second straight day in Tuesday trading as markets awaited the US Federal Reserve's decision on interest rates.
Gold gained $34.90, or 0.86%, to reach $4,073.30 per ounce for December delivery, while silver prices increased by $0.119, or 0.22%, to $54.460 per ounce for December delivery.
Last month, the Federal Reserve raised interest rates for the first time since 2023, increasing them by 25 basis points to a range of 3.75% to 4%.