Gold price jumps again near $5,600 as Fed pause, Iran tension keep safe-haven bid alive
Spot gold jumped 1.2% to $5,483.75 an ounce, after briefly hitting $5,595.44, as the Fed held rates steady and geopolitical tensions rose. Gold ETFs and miners traded flat while the dollar and Treasury yields stayed high. Silver hovered near record levels. Traders await Friday’s U.S. Producer Price Index data.