Gold Prices Surge Amid Federal Reserve Anticipation and Geopolitical Tensions

Gold prices experienced a significant surge as investors positioned themselves ahead of the Federal Reserve’s policy statement and grappled with emerging trade-related and geopolitical risks. The Federal Open market Committee is widely expected to maintain interest rates within the 4.25% to 4.50% range during its ongoing meeting, a decision that has kept market participants on edge.

The precious metal’s volatility has been further compounded by escalating trade tensions and notable market movements in China. Investors are closely monitoring these developments, as they could have far-reaching implications for global markets. Meanwhile, President Trump’s announcement of new taxes on overseas products and pharmaceutical items has added another layer of uncertainty to an already complex economic landscape.