Gold Advances Amid Crude Oil Plunge Ahead Of Upcoming U.S. Fed Rate Meeting

Gold prices rose on Friday, partially recovering from previous losses, as a drop in crude oil prices eased inflation concerns and reduced expectations of an interest-rate hike by the U.S. Federal Reserve. This movement occurred amidst escalating geopolitical tensions between the U.S. and Iran, with renewed military attacks and threats from both sides. The conflict also involved Iran-backed groups targeting U.S. interests and infrastructure.