US EditionGold Prices Crash ₹13,000 From Peak: Should You Buy Bullion Ahead of the US Fed Meet Outcome on Wednesday?
Gold prices dropped 3.2% last week amid easing U.S.-China trade tensions and a 97% market expectation of a Federal Reserve rate cut this week, analysts said.
- Today, spot gold fell below $4,000 per ounce as safe-haven demand eased while investors awaited the U.S. Federal Reserve decision, trading down 2.7% at $4,002.29 at 1:45 p.m. ET.
- An easing of trade tensions has unwound earlier gains, CPM Group managing partner Jeffrey Christian said, as negotiators from the U.S. and China on Sunday outlined tariff pauses and deferred China's rare-earth export controls.
- After a 25% jump since August and a record high of $4,381.21 on October 20, U.S. gold futures for December delivery fell 2.9% to settle at $4,019.70.
- Markets price a 97% chance of a Fed quarter-point cut on Wednesday, while Capital Economics analysts lowered their end-2026 gold forecast to $3,500.
- Analysts still flag $5,000/oz as a long-term target, as gold typically benefits from low interest rates, while London, Hatton Garden imagery on Oct. 8 reflects global market attention.
15 Articles
15 Articles
Gold falls below $4,000 as U.S.-China trade thaw cools demand | Honolulu Star-Advertiser
Gold prices fell below $4,000 per ounce today as signs of a thaw in U.S.-China trade tensions reduced some of the bullion’s safe-haven appeal, while market participants awaited the U.S. Federal Reserve’s interest rate decision this week.
Gold prices fall below $4,000 as U.S.-China trade deal nears
Gold prices dropped below $4,000 for the first time in weeks as the U.S. and China moved closer to a trade deal. Investors are waiting for the Federal Reserves rate decision, which could affect golds future. Some experts still expect prices to rise again, while others see slower growth ahead.
Gold plunges Rs 4,100 to Rs 1,21,800/10g; drops below USD 4,000-mark in global markets
New Delhi, Oct 28 (PTI) Gold prices dropped by Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital and slipped below USD 4,000 an ounce in the global markets on Tuesday as easing US-China trade tensions dampened safe-haven appeal. According to the All India Sarafa Association, the precious metal had closed at Rs 1,25,900 per 10 grams on Monday. In the local bullion market, gold of 99.5 per cent purity also tumbled by Rs 4,100 to Rs 1,21…
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Action ForexGold Extends Its Decline Below the $4,000 Level
As the chart shows, the XAU/USD quote has fallen below $3,945 today — its lowest level since 6 October. The downward momentum is being driven by traders’ caution ahead of two key events:→ the U.S. Federal Reserve’s upcoming interest rate decision;→ the meeting between U.S. and Chinese leaders, which could help ease tensions between the world’s two largest economies.Technical Analysis of the XAU/USD ChartThe ascending channel (shown in blue) illu…
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