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GOLD TOPS $5,300 FOR FIRST TIME ON DOLLAR WEAKNESS AHEAD OF FED DECISION

  • NEWS Desk Global
  • Jan 28
  • 1 min read

Gold prices climbed above $5,300 per ounce for the first time on Wednesday, driven ‌by economic uncertainty and a weakening U.S. dollar, as investors awaited the Federal Reserve's policy decision amid increasing concerns over its independence.

Spot gold was up 1.9% at $5,289.48 an ounce by 12:45 p.m. ET (1745 GMT) after touching a record $5,311.31. Prices gained more than 3% in the previous session.

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