Update: Gold Rises to Another Record on a Wave of Middle East Violence
Gold rose to a fresh record high mid-afternoon on Tuesday, firming above the
Gold for April delivery was last seen up
The rise comes amid a new wave of
The military actions add to a market already buoyed by safe-haven buying as investors turn to the metal amid market turmoil spurred by Trump's tariff threats.
"Gold hit a new record ... amid rising
Gold's rise also comes as the Federal Reserve's policy committee begins a two-day meeting that is expected to end with interest rates unchanged. The CME Fedwatch tool sees a 99% probability the Federal Open Market Committee will stick with its current policy rate despite weakening U.S. inflation.
The dollar is trading lower, with the ICE dollar index last seen down 0.12 points to 103.25. Treasury yields were mostly steady, with the U.S. two-year note last seen paying 4.036%, down 2.1 basis points, while the yield on the 10-year note was down 2.6 points to 4.28%.
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Update: Gold Rises to Another Record on a Wave of Middle East Violence
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