Investors Eye Fed Minutes for Gold Price Guidance, as Precious Metal Surpasses $2,000 Mark

This week, gold has consistently stayed above the $2,000 mark, a sign of the market’s high anticipation for insights that could shape the monetary policy landscape. Analysts from ING suggest that the Federal Reserve’s policy decisions will be pivotal for gold’s price trajectory in the coming months, noting that higher borrowing costs usually have a negative impact on gold prices. Meanwhile, base metals showed mixed performance, with aluminum dropping by 0.5% to $2,186 a ton, whereas copper saw a slight increase of 0.2%, reaching $8,442.0 a ton, reflecting a varied market response across different commodities.