Gold breaks $5,400: Fed hold and Trump pressure keep investors piling into bullion
Gold surged past $5,400 an ounce late Wednesday, hitting a fresh high as investors continued snapping up the metal despite the Federal Reserve's pause on interest rates. Spot gold, for immediate delivery, rose 0.3% to $5,415.52 by 2246 GMT, after peaking at $5,418.39. IG analyst Tony Sycamore highlighted ongoing central-bank purchases and “flight-to-quality demand” driving the rally.
