Upcoming Fed Meeting Could Define Gold’s Future Market Trajectory
Gold prices across most major markets face a crucial test as the upcoming U.S. Federal Reserve meeting draws closer. The precious metal had a minor slip last week, falling by 0.39% and closing at $3,337.07 amid optimism surrounding the ongoing trade negotiations between Japan and the United States, and a stronger U.S. dollar. An easing in geopolitical tensions, coupled with a slight improvement in global risk sentiment, caused a modest reduction in gold's safe haven appeal. However, the Fed’s decision regarding benchmark interest rates could determine whether gold continues its decline or stages a rebound. Thanks to its ability to…
