- Gold prices rose slightly to a record high in Asian trading on Wednesday, as demand for safe havens remained supported by renewed geopolitical unrest in the Middle East and concerns about trade tariffs.

- Investors continued to be generally cautious ahead of the conclusion of the Federal Reserve meeting later on Wednesday, which is expected to provide further insights into the U.S. economy.

- The price of the yellow metal rose sharply over the past week as risk appetite declined due to U.S. President Donald Trump’s continued threats of increased tariffs, while fears of a recession in the United States grew. The dollar fell on this basis, giving gold additional strength.

- Spot gold rose by 0.1% to an all-time high of $3,039.0 per ounce, while gold futures expiring in May rose by 0.1% to a peak of $3,046.12 per ounce.

- Gold reached an all-time high on Tuesday after the collapse of the ceasefire agreement and escalated tensions in the Middle East.

- The Federal Reserve is widely expected to keep interest rates unchanged at 4.5% after the meeting concludes later on Wednesday, amid ongoing uncertainty about the U.S. economy under Trump’s administration.

- Officials have repeatedly pointed to uncertainty about the global economic outlook while Trump pursues his agenda, with limited scope for any further interest rate cuts in the near future.
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