Gold price rises before Fed meeting; silver and platinum waver – FX Empire’s Zernov – KITCO

As the Federal Reserve meeting looms, the price of gold surges ahead. Investors around the globe are keeping an attentive eye on the trends, speculating a sharp upswing in gold’s market value due to potential changes in monetary policy. Meanwhile, silver and platinum struggle to regain key support. This trend comes as no surprise as these two precious metals have historically shown a time lag in response to market changes. Expert analyst Zernov from FX Empire echoes similar sentiments, emphasizing the crucial role of the Fed’s decision on future investment strategies. nnWhile gold is basking in its upward trend, its counterparts – silver and platinum are yet grappling to regain traction. This indicates not only the volatility of the precious metals market but also the importance of strategic decision making for investors.nnAccording to FX Empire’s Zernov, the situation of mixed fortunes among the precious metals validates the market’s speculative nature. Possible changes in Federal Reserve’s policy and global economic uncertainties play a significant part in determining the value of these assets. Despite the challenges, they continue to represent valuable holdings for investors who appreciate their potential.nnAdditional reports will be provided by KITCO, further illuminating the ebb and flow of the precious metals market. Read More