Gold and Silver: Gold is at $1,940 before of Fed’s news The price of gold has been on the rise in recent weeks, with the precious metal hitting a new high of $1,940 per ounce before the Federal Reserve's latest policy announcement. The price of silver has also been on the rise, with the metal trading at $26.50 per ounce. The rise in the price of gold and silver is due to a number of factors, including the ongoing COVID-19 pandemic, geopolitical tensions, and the weakening of the US dollar. Investors are turning to gold and silver as a safe haven investment, as they are seen as a hedge against inflation and economic uncertainty. The Federal Reserve's policy announcement is expected to have a significant impact on the price of gold and silver. The central bank is expected to keep interest rates near zero and maintain its bond-buying program, which could lead to further weakness in the US dollar. Investors are also closely watching the US presidential election, which is just a few months away. The outcome of the election could have a significant impact on the price of gold and silver, as investors may turn to these metals as a safe haven investment in the event of political uncertainty. Despite the recent rise in the price of gold and silver, some analysts are warning that the metals may be overvalued. They point to the fact that the price of gold has risen by more than 30% this year, while the price of silver has risen by more than 50%. However, other analysts argue that the rise in the price of gold and silver is justified, given the current economic and geopolitical climate. They point to the fact that central banks around the world are continuing to print money and keep interest rates low, which is driving investors to seek out alternative investments like gold and silver. In conclusion, the price of gold and silver is likely to remain volatile in the coming months, as investors continue to weigh the impact of the Federal Reserve's policy announcement and the US presidential election. However, the long-term outlook for these metals remains positive, as they are seen as a safe haven investment in times of economic and political uncertainty.