Gold slips ahead of Fed decision — but could surge soon as Middle East conflict and rate cuts loom

Gold prices today dipped slightly as investors wait for the Federal Reserve’s rate decision, but rising tension from the Israel–Iran conflict and hopes for future U.S. interest rate cuts could soon push prices higher. Spot gold dropped 0.2% to $3,383.17 per ounce, while gold futures eased 0.3%. Experts say if the Fed signals cuts, gold could rally again. Ongoing Middle East instability keeps demand strong. With central banks buying more gold and inflation fears growing, investors are watching closely. Here’s what’s driving the gold market now — and why it might be ready to climb higher soon.