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.

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Silver Eyes Record Highs as Fed Signals Cuts
Markets are digesting the Fed’s signal of two rate cuts in 2025, with the dollar swinging, jobless claims dipping, and recession indicators flashing red. Meanwhile, silver is surging — outpacing gold and closing in on record highs. Here’s what today’s key economic news means for precious metals investors.