Business
Gold Extends Slide as Markets Await Fed Rate Decision
October 22, 2026 at 10:30 AM
Coverage
4 reports · over 4 hours
Gold prices have fallen globally as investors await the US Federal Reserve's interest-rate decision at its Oct 27–28 meeting.
- Spot gold dropped 1.39% to $4,083.80 per ounce during Thursday trading, losing $57.48.
- A Reuters poll of economists showed near-unanimous expectations that the Fed will not raise rates this month.
- Silver fell 1.1% to $57.33, platinum fell 1.1% to $1,609.95, and palladium fell 0.8% to $1,078.52.
- Gold prices in Egypt rose about 10 pounds per gram at Thursday's open, with 21-karat gold at 6,310 pounds.
- Egyptian gold prices reversed their opening gains and fell about 25 pounds per gram mid-session on Thursday, with 21-karat gold at 6,285 pounds.



