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fxJun 17, 2026, 7:46 AM

Gold Surges 2% at Week Start on Geopolitical Shifts and Fed Bets

Spot gold (XAUUSD) rose over 2% since the week opened, reaching near $4,342 per ounce on Wednesday, driven by geopolitical changes and expectations around the Federal Reserve.

XAUUSD

Gold extended its rally this week, gaining more than 2% from Monday's open. The precious metal was trading near $4,342 per troy ounce on Wednesday.

The advance comes as traders weigh shifting geopolitical dynamics and adjust positions ahead of the next Federal Reserve policy decision. No further details were provided.

Source: FXStreet Forex News