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The Economic Times — Marketseconomictimes.indiatimes.com

Gold edges up as rate-hike fears ease; Fed rate decision in focus (opens original article in a new tab)

TL;DR

Gold rose for the fifth day as U.S.-Iran peace deal optimism eased rate-hike concerns, while investors await the Fed's policy decision.

  • Gold rose 0.4% to $4,348.93 per ounce as rate-hike fears eased.
  • U.S.-Iran peace deal details emerged, extending a ceasefire for 60 days.
  • Federal Reserve policy decision awaited, with rates expected to remain unchanged.

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