Gold price breaks $5,300 record as dollar slides ahead of Fed decision
Gold surged past $5,300 an ounce Wednesday, hitting a new record as the dollar fell to four-year lows and investors awaited the Fed’s rate decision. Spot gold peaked at $5,311.31, up 1.7%, while gold ETF GLD rose 2.45% Tuesday. Miners Newmont and Barrick advanced in premarket trading. CME metals contracts hit a record high January 26.