Gold touches new record in the middle of Jitter tariff

The pound sat down on Wednesday morning compared to the dollar and sank by 0.2% to USD 1.2976 after the winning in the two processes. The couple is confronted with difficulties because the dollar remains resistant, supported by stable US financing returns before the Federal Reserve's interest rate decision later.

The markets generally expect the Fed to keep interest rates unchanged, as persistent inflation concerns and economic uncertainty remain.

The US dollar index (DX-Y.NYB), which follows the Greenback against a basket with six main currencies, was 103.51.

Although the FED is supposed to keep interest rates stable, all eyes are aimed at the updated guidelines and the publication of new economic projections. The US chairman of the Federal Reserve, Jerome Powell's statements during his press conference, will also be the key, although his sound is observed as precisely as new forecasts.

“Powell would try not to sound into operation with impending trade uncertainty. Unc -mated 2025 median point will be a Hawkian signal, and we are pursuing a correction higher in the USD,” said Jayati Bharadwaj, Global FX strategist at TD Securities.

Read more: Bank of England ready to keep the British interest rates in the middle of the Trump trade war

The US dollar was one of the worst important currencies in 2025, since investors are increasingly recognizing that President Donald Trump's tariff policy causes sufficient uncertainty for companies to trigger an economic slowdown.

In the meantime, the pound on Wednesday morning against the euro (Gbpeur = X) was somewhat higher at € 1.1895.

The gold prices remained over the 3,000 US dollar on Wednesday and touched a new record, as rising tensions in the Middle East and ongoing trade uncertainties strengthen the attractiveness of the precious metal as a safe-have power value. Dealers are also waiting for the decision of the Fed later a day.

Spot Gold was $ 3,028.76 per ounce, while Gold Futures was kept at $ 3,040.10. The metal briefly touched an all -time high of $ 3,042.95 during the Asian merchant times and marked its 15 record summit this year.

The investor concerns regarding an economic slowdown and increased recession risks, some of which are driven by Trump's tariffs, continue to support gold prices. Trump's trading guidelines are generally increased as potentially, and non -soft Bullion tends to thrive in environments with a low interest rate.

“On his current trajectory, Gold Futures could mark 3,200 US dollars in just over a month. Even if we get one or two shakeouts on the way, bulls will wait for a discount, however small,” said Matt Simpson, Senior Analyst at City Index, to Reuters.