Gold Jumps as Weaker Dollar, Oil Slump Lift Demand Before Fed Decision - Tekedia

Gold rose more than 1% as falling oil prices and a weaker U.S. dollar lifted demand ahead of the Federal Reserve meeting.

Easing Middle East tensions pushed Brent and U.S. crude lower, reducing inflation pressure and improving the outlook for gold.

Traders also trimmed bets on a near-term U.S. rate hike, according to Fed expectations tracked by the CME FedWatch Tool.

The move highlights how geopolitics, energy prices, and currency shifts can quickly reshape market views on Fed policy and safe-haven assets.