Gold price nears $5,000: what to watch before Powell and the Fed decision
Spot gold closed at $4,964.81 an ounce Friday after hitting a record $4,988.17, while silver surged past $100 for the first time. February U.S. gold futures settled up 1.4% at $4,979.70. The rally lifted Canada’s benchmark index to a record high, with Barrick Mining shares up 3.1%. Markets await the Fed’s rate decision and Jerome Powell’s remarks on Wednesday.