Gold and Bitcoin advanced as investors prepared for the Federal Reserve's upcoming policy announcement amid ongoing geopolitical tensions. Gold rose 0.7% to $3,357 per ounce, while Bitcoin held near the $97,500 mark, close to recent highs. The Federal Open Market Committee is expected to keep interest rates steady at 4.25% to 4.50% during its meeting, amid concerns about persistent inflation and weakening consumer demand. Additionally, Middle East unrest and new tariffs proposed by President Trump heightened market caution and increased demand for safe-haven assets. U.S. gold futures saw a rise of 1.3%, as demand from Chinese investors re-entered the market. The political climate surrounding trade negotiations and tariffs added to the uncertainty, influencing market dynamics. Analysts suggest that should the Fed signal a more dovish stance, Bitcoin's price could rally back toward the key $100,000 level, as it has recently been buoyed by both speculative inflows and investor positioning for potential easing of financial conditions.

Source 🔗