Business
Gold steadies near three-month lows as markets await Fed meeting
October 27, 2026 at 05:58 AM
Spot gold fell 0.1% to $4,013.70 an ounce Tuesday amid a stronger dollar, as investors awaited the Federal Reserve's policy decision.
- Gold dropped below $4,000 an ounce on Friday for the first time since mid-July, capping a weekly decline of 4.1%.
- Spot gold slipped 0.1% to $4,013.70 an ounce in early Asian trading Tuesday, while December futures fell 0.3%.
- Fed policymakers indicated they will not raise short-term borrowing costs at this week's meeting.
- The US personal consumption expenditures report, the Fed's preferred inflation gauge, is due Thursday.