Gold Hits Two-Week High Ahead of US Fed Rate Meeting

19 September 2023

Gold prices reached a two-week high on Tuesday, benefiting from a softer U.S. dollar ahead of the Federal Reserve’s policy meeting. Spot gold rose to its highest since Sept. 5 at $1,934.40 per ounce, while U.S. gold futures increased by 0.2% to $1,957. The market awaits the central bank’s upcoming economic forecasts.

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