Gold Market Waits for Interest Rate Decisions

The gold market continues to be volatile due to developments in the Middle East and rising oil prices. Investors are watching as gold prices rise to $4,200 per ounce. US President Donald Trump's downplaying of the possibility of talks with Iran and warning of further attacks have driven up oil prices.The markets expect the Fed not to change interest rates at its meeting next week. It is pricing in a more than 55% chance of an interest rate hike in September. Gold fell to as low as $4,076 and rose to as high as $4,141 during the day.Gram gold started the day at 6,186 lira and fluctuated between 6,183 and 6,287 lira during the day. It is currently trading at 6,271 lira.