![As the Fed and Middle East concerns come into focus, gold prices soar above $2,400](https://market-tracker.in/wp-content/uploads/2023/01/Gold-1.jpg)
As the Fed and Middle East concerns come into focus, gold prices soar above $2,400
As investors anticipated further signals from the Federal Reserve regarding interest rate reductions, gold prices increased during Wednesday’s Asian trading session, supported by a weakening dollar. Gold futures expiring in December saw a 0.5% increase to $2,463.85 an ounce, while spot gold increased by 0.3% to $2,419.11. Before the end of the Fed meeting later…