Gold prices soar to $5,300, storage stocks surge: What factors drove the market on Wednesday?

According to CoinWorld, on Wednesday, Wall Street stocks edged higher, and gold prices soared to a historic high above $5,300 per ounce, up more than 22% this month, marking the best monthly performance since 1980. Silver prices also rose nearly 3% to $114 per ounce. The S&P 500 briefly touched a record high before pulling back, while the Nasdaq 100 performed better, rising 0.4%. The market's focus is on the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, with interest rates expected to remain unchanged. Bitcoin prices edged up 0.6% to around $89,500 per ounce.