Gold Surges Past $3,000 Amid Geopolitical Tensions & Fed Uncertainty
Gold soared above the $3,000 mark on Tuesday, hitting a record high as investors sought safe-haven assets ahead of the U.S. Federal Reserve’s interest rate decision. The surge comes amid escalating geopolitical tensions, with former President Donald Trump warning Iran over Houthi rebel attacks in the Red Sea.
Safe-Haven Demand: Growing market uncertainty and geopolitical risks have strengthened gold’s appeal.
Fed Policy Outlook: A potential dovish stance could further weaken the dollar, boosting gold prices.
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