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Middle East Tensions Support Gold While Platinum Hits Highest Since 2021

How to Set Up a Precious Metals IRA with Altinavcisi
How to Set Up a Precious Metals IRA with Altinavcisi

Gold prices held steady around $3,388 per ounce as traders await the Federal Reserve’s interest rate decision and monitor Middle East tensions. While gold remained flat, platinum surged 3.5% to hit a four-year high of $1,307, driven by speculation it could replace expensive gold in Chinese jewelry demand. The Fed is expected to keep rates unchanged, with geopolitical uncertainty continuing to support precious metals demand.

Eight more from the desk

Other dispatches from the bullion wire.