Gold Price Dynamics Ahead of FOMC Meeting
Analyzing the Gold Price Surge and its Link to the FOMC Meeting.
The price of spot gold achieved a significant milestone, surpassing the noteworthy level of US$2,000 per ounce last Friday. This development has been closely observed by investors and analysts alike, particularly in anticipation of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for this week, set to conclude on Wednesday.
What factors have contributed to the recent surge in the spot gold price?
How might the FOMC meeting, specifically the statements from Fed Chair Jerome Powell, impact the price of gold and the broader financial landscape?
