💨 Abstract

Gold prices hit a record high on Wednesday, driven by Middle East tensions and trade uncertainties, as investors sought a safe-haven asset ahead of the Federal Reserve's decision. The Fed is expected to keep interest rates steady. Gold thrives in low interest rate environments and could potentially break $3,050 if the Fed adopts a dovish stance due to concerns over how tariffs may impact growth. Other precious metals also saw gains.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖