Spot gold fell 0.6% to $4,037.98 per ounce on Wednesday as the US Dollar Index rose 0.1% to 102.42 and investors awaited the Federal Reserve's policy decision, which is widely expected to leave rates unchanged. Markets are still weighing a possible rate hike before year-end amid elevated energy costs and inflation concerns, and will focus on Chair Kevin Warsh's press conference for signals on future policy. Gold briefly traded below $4,000 in recent sessions and hit its lowest level since mid-July on Friday, partly as investors sold bullion to cover losses from the AI-related technology stock selloff. According to ANZ, buying by Chinese households has helped limit the decline, with physical demand strengthening over the past two months.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/27/2026 | 4,060.32 |
| Change that session | +1.07% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/27/2026 | 4,068.94 |
| Change that session | +1.28% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/27/2026 | 4,060.79 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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