Gold Eases on Higher Oil Prices Ahead of Fed Decision
Dip buyers and Chinese households helped steady bullion as traders awaited a Federal Reserve decision, with spot gold at $4,060.73 an ounce.
- Gold steadied above US$4,000 an ounce on Wednesday as dip buyers entered the market ahead of the Federal Reserve's interest-rate decision due later today, with bullion holding a 1.1 per cent gain.
- A sell-off in AI-related stocks last week pushed gold to its lowest since mid-July, as investors sold the metal to cover losses elsewhere and arrest a more sustained decline.
- Higher oil prices are stoking inflation fears while traders price in an 84% probability of a rate hike in December, according to CME's FedWatch Tool, as investors await clarity from the Federal Reserve.
- Investors await Personal Consumption Expenditures data due Thursday, which the Federal Reserve watches to target 2% inflation; independent analyst Nikos Tzabouras said if data is soft, "bullion could push higher."
- Analysts cut their 2026 gold price forecast for a second straight quarter due to high Treasury yields and a strong US dollar, though a Reuters survey shows expectations for recovery in 2027.
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Gold Prices Fall as Rising Oil Costs Fuel Inflation Fears Ahead of Fed Decision
Gold prices declined as rising oil costs intensified inflation concerns ahead of the Federal Reserve’s interest-rate decision. Investors are weighing whether persistent price pressures could ... The post Gold Prices Fall as Rising Oil Costs Fuel Inflation Fears Ahead of Fed Decision first appeared on [your]NEWS.
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices rose slightly today, after climbing nearly 1% in the previous session, as investors awaited the Federal Reserve's monetary policy decision later today. The Fed is widely expected to leave interest rates unchanged. Spot gold rose 0.1% to $4,061.86 per ounce by… This news was published on the Cedarnews website. For more bre…
The countdown has begun for gold ahead of tonight's critical Fed interest rate decision. While markets expect interest rates to remain unchanged, it is stated that the messages from Fed Chairman Warsh could be decisive.
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