Gold hits two-week high amid softer dollar

Gold prices reached their highest level in two weeks on Wednesday.

This happened because the U.S. dollar became weaker, making gold cheaper for buyers outside the U.S. Additionally, investors are waiting to see what the U.S. Federal Reserve will do with interest rates next week.

Some experts think gold might not go much higher because oil prices are rising, which could lead to higher interest rates.

The U.S. is also trying to negotiate with Iran, but there are tensions in the Middle East that are affecting gold prices.