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How Precious Metals Are Moving ahead of the Fed’s Rate Decision

How Precious Metals Are Moving ahead of the Fed’s Rate Decision

Of late, the most crucial factors affecting gold prices are the US dollar and the potential change in the US interest rate. Precious metals are highly sensitive to movements in Treasury rates, as gold and Treasuries are competitors as haven assets. As investors await the Federal Reserve’s meeting in a few days, there’s a high chance that the interest rate will rise.