Gold breaches $3,700/oz-mark to hit fresh record as investors await Fed rate decision

Gold prices soared past $3,700 an ounce on Tuesday, fueled by expectations of a Federal Reserve rate cut and a weaker dollar. Safe-haven demand, central bank buying, and geopolitical uncertainty also contributed to the rally. While silver hit a multi-year high, platinum and palladium experienced slight declines as investors await the Fed’s decision.