Gold prices witnessed a sharp rally during Thursday’s early Asian trading session, climbing above the important $4,050 level as investors reacted to the latest US midterm election results. The precious metal rose more than 3.60%, marking its strongest daily gain since mid-August.
Federal Reserve
Gold Prices Fall 1% as US PCE Inflation Lifts Fed Rate Hike Bets
Gold Prices Today: Gold (XAU/USD) extends its intraday decline on Thursday as the latest US Personal Consumption Expenditures (PCE) inflation data reinforce expectations of a Federal Reserve (Fed) rate hike in December after the US central bank held interest rates steady at its October meeting. At the time of writing, XAU/USD trades around $4,022, down 1.11% on the day.
Fed Rate Decision October 2026: Hike or Hold?
Fed Rate Decision October 2026: The US Federal Reserve is widely expected to keep interest rates unchanged at its October 2026 policy meeting, according to Bloomberg and other market reports. However, persistent inflation has kept the possibility of another rate hike alive, particularly in December.
XAU/USD Gold Price Forecast: $4,100 Support in Focus
Gold price (XAU/USD) remains under pressure in the early European trading session on Wednesday. The precious metal is struggling below the $4,150 level after falling close to the $4,100 area in the previous session.
Fed Rate Hike: Bond Traders Expect 25 Basis Point Increase
Bond traders are entering Wednesday’s Federal Reserve decision with strong expectations that the US central bank will raise interest rates.