Gold Prices Surge Following Federal Reserve’s Rate Pause

After a recent dip, gold prices have rebounded, climbing back above $3,400 per ounce. This surge is linked to the Federal Reserve’s decision to pause interest rate hikes, which has weakened the U.S. dollar and increased gold’s appeal as an inflation hedge. Additionally, ongoing geopolitical tensions, including conflicts in the Middle East and the Russia-Ukraine war, have contributed to heightened demand for gold.