Gold Prices Fluctuate Ahead of US Federal Reserve Minutes Amid Rising Tensions

Gold prices fluctuated on Wednesday amid anticipation of the Federal Reserve's meeting minutes and escalating geopolitical tensions, especially after new US strikes on Iran and concerns over inflation and interest rate hikes. Spot gold prices rose by 0.5% to $1,425.59 per ounce, while US gold futures declined by a similar margin to $1,436.30, amid rising oil prices and the dollar due to regional tensions. Investors are awaiting the release of the June meeting minutes for clues about monetary policy directions, with the likelihood of a rate hike increasing to over 63%.

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