Gold Eases on Higher Oil Prices Ahead of Fed Decision
- 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.
23 Articles
23 Articles
Prior to the Federal Reserve (Fed) monetary policy decision, future gold contracts closed this Wednesday (28) in decline, under pressure from strong advances in oil prices and Treasury revenues. The market consensus points to a maintenance of the rates by the US central bank, although the prospect for the other meetings is new high in rates, given the resilience of macroeconomic data and persistent inflation. In Comex, the metal division of the …
The US Federal Reserve Bank is set to make a major decision regarding interest rates today. Any change in interest rates will have a direct impact on gold and silver prices.
US Fed rate decision today: What investors should watch in gold, silver prices and market outlook
Gold and silver edged lower as investors awaited the Federal Reserve’s policy decision, with markets expecting rates to remain unchanged. Persistent inflation, a strong dollar and the prospect of rates staying higher for longer continue to weigh on precious metals.
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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.
Gold prices fell to $9,403 per ounce, amid anticipation of the Federal Reserve's decision on interest, and expectations of its stabilization today and its possible lifting in December.
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