Gold prices rose ahead of the Fed's decision on interest rates.

Gold prices increased before the Fed's decision

Gold prices have risen ahead of the expected decision by the Federal Reserve of the USA regarding interest rates, which is set to be announced this week. According to Business Insider, the price of gold reached $3,299 per troy ounce, after a 3% decrease last week.

Throughout this year, gold has broken several records, crossing the $3,500 mark last month and exceeding $3,000 in March. Experts explain this increase due to fears of an economic downturn, tariff uncertainties, and increased demand from central banks for the precious metal.

Analysts, including experts from Deutsche Bank, predict that during the next Fed meeting, interest rates are likely to remain unchanged. Economists from Deutsche Bank also foresee that the next rate cut could only occur in December.

The increase in gold prices is observed in the stock market, where the US dollar is losing its value compared to other currencies. This is causing economic uncertainty, leading investors to view gold as a 'safe' asset that retains its value during market fluctuations.

After the Fed's announcement regarding interest rates, one can expect further price dynamics for gold as well as movements of the dollar in the stock market. International events and economic indicators may also affect the situation in the precious metals market.