Spot gold fell 0.4% to $4,051.91 an ounce after the Fed held its benchmark rate unchanged in a 10-2 vote. Chair Kevin Warsh said the Fed could cut its scheduled policy meetings from eight to six annually starting next fall. Traders still expect a rate increase in December as high energy prices complicate efforts to control inflation, and they are waiting for Thursday's September PCE data. Gold has fallen 2.5% in October and is on track for a second straight monthly decline, after some investors sold bullion to cover losses from last week's AI-driven stock rout. Goldman Sachs estimates central banks bought 79 tonnes of gold in August, with China accounting for 25 tonnes; Rick Kanda of The Gold Bullion Company said sustained central-bank demand could support prices over the long term.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/28/2026 | 4,067.54 |
| Change that session | +0.18% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/28/2026 | 4,055.83 |
| Change that session | -0.32% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/28/2026 | 4,048.64 |
| Change that session | -0.30% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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