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Gold Rebounds Above $3,300 as Markets Await Fed Decision

Gold prices have bounced back above $3,300 per ounce after experiencing their first consecutive weekly losses this year.

Investors are watching closely as the Federal Reserve prepares for its meeting this week, where rates are expected to remain unchanged despite President Trump’s calls for cuts following strong job data.

Gold has risen nearly 25% this year, reaching a record high above $3,500 in April, driven by safe-haven buying amid Trump’s disruptive trade policies, Chinese speculation, and central bank purchases.

Meanwhile, trade tensions continue as Trump indicated he has no plans to speak with his Chinese counterpart this week.

Original Source: Yahoo Finance

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