Business
Gold slips as investors await US Federal Reserve rate decision
October 28, 2026 at 08:26 AM
Gold prices fell on Wednesday as traders awaited the Federal Reserve's interest-rate decision, widely expected to hold rates unchanged.
- Spot gold fell 0.65% to $4,033.9 an ounce, after rising more than 1% in the previous session.
- The Fed's monetary policy decision is due at 18:00 GMT, followed by PCE inflation data on Thursday.
- CME's FedWatch tool showed traders pricing an 84% probability of a rate hike in December.
- Silver rose 0.1% to $54.38, while platinum fell 0.2% and palladium gained 0.5%.