Gold is approaching $2,000 before the Fed's interest rate decision

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Gold is approaching $2,000 before the Fed’s interest rate decision

News Desk

Update Time : Wednesday, May 3, 2023

Gold prices approached the $2,000 level today, as investors await the Federal Reserve (US Central Bank) decision on interest rates, to be issued later today.
Gold prices rose yesterday, coinciding with the decline in bond yields and renewed fears of a widening crisis in the US banking sector.
And gold settled in spot transactions at $ 2016.29 an ounce (an ounce) .. after rising by more than one percent in the previous session.. and US gold futures rose 0.1% to $ 2026.10.
As for other precious metals, spot silver fell 0.2% to $25.33 an ounce, platinum fell 0.4% to $1061.53, while palladium increased 0.4% to $1434.62.