Extending a recent upward trend, the price of gold moved higher during trading on Wednesday, reaching its highest levels in over six months.
After moving sharply higher in the previous session, gold for December delivery climbed $7.10 or 0.4 percent to $2047.10 an ounce. The more active gold for February delivery contract rose $6.90 or 0.3 percent to $2,057.50 an ounce.
The previous metal continued to benefit from optimism the Federal Reserve is done raising interest rates following yesterday's remarks by Federal Reserve Governor Christopher Waller.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.