Metals Stocks: Gold climbs past $2,000, settling at highest since mid-April a day ahead of Fed decision

by | May 2, 2023 | Stock Market

Gold prices climbed above $2,000 an ounce on Tuesday to settle at their highest since mid-April as banking-sector worries lifted haven support for the precious metal ahead of Wednesday’s Federal Reserve policy decision. Price action Market drivers “Gold is rallying because the banking crisis, which had seemed to go away, has suddenly reawakened,” Brien Lundin, editor of Gold Newsletter, told MarketWatch. “Concerns…

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