News · Yahoo Finance

Gold steadies above $4,000 as traders await Fed decision, PCE data

Gold held above $4,000 an ounce on Wednesday as bargain hunters entered ahead of the Federal Reserve's interest-rate decision, while investors weighed easing oil prices and renewed enthusiasm for AI stocks against persistent inflation risks. Spot gold was steady at $4,061.96 an ounce and U.S. gold futures rose marginally to $4,075.80. Silver was flat at $54.4065, platinum fell 0.1% to $1,542.63, and the U.S. Dollar Index edged up 0.02% to 102.34. Gold dropped to its lowest level since mid-July as investors sold bullion to cover losses when tech stocks fell, but buying from Chinese households and physical buyers has helped limit the decline, according to ANZ. The Fed is widely expected to hold rates, though traders still anticipate a possible hike before year-end as high energy costs sustain inflation concerns.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldFedinterest ratesoil pricesUS dollar

Open a keyword to see other news on the same topic.

Related tickers and likely impact

PAXG/USDT

• Neutral

PAX Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.8B
Close on 10/27/20264,068.94
Change that session+1.28%
PAXG/USDT price, forecasts and signals →

XAUT/USDT

• Neutral

Tether Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.2B
Close on 10/27/20264,060.79
Change that session+1.33%
XAUT/USDT price, forecasts and signals →

XAU/USD

• Neutral

Relevance: medium

MarketGold
Close on 10/27/20264,060.32
Change that session+1.07%
XAU/USD price, forecasts and signals →

DXY

• Neutral

Relevance: low

MarketCurrencies
Close on 10/27/2026102.37
Change that session+0.35%
DXY price, forecasts and signals →

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/27/2026769.72
Change that session+0.57%
SPY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks

    Gold prices have come under pressure this year from a stronger U.S. dollar and the Fed's hawkish stance, after the Fed delivered its first rate hike of the year in September and expectations point to another hike this year. Renewed attacks on vessels in the Strait of Hormuz have pushed oil higher, raising inflation worries and the chance the Fed stays restrictive, while also potentially boosting safe-haven demand for gold. New York Fed president John Williams said another hike may be appropriate this year but further tightening may not be needed in 2027, an outlook that could limit near-term gains but support gold over the longer term. The article says investors should watch whether inflation risks translate into higher rate expectations rather than assume oil will automatically lift bullion, before introducing a list of gold ETFs.

    Yahoo Finance·▼ XAU/USD▲ DXY▼ PAXG/USDT▼ XAUT/USDTgoldETFFed
  • Inflation next wave could be building as energy costs spread through economy

    Producer prices rose 1.3% from August to September and 6.3% from a year earlier, the fastest wholesale inflation rate since 2022, driven mainly by higher fuel costs. Transportation and warehousing prices jumped 3.4% in September and are 16% higher than last year, while core consumer prices rose 2.6% year over year and 0.3% month to month, signaling that price pressures are spreading beyond energy. Diesel averaged $6.32 a gallon, compared with $3.64 a year earlier, as high energy prices linked to the war with Iran drove renewed inflation. The buildout of AI data centers is also pushing up costs for chips, computer parts and electrical components. Businesses may soon pass these costs to consumers, and markets widely expect the Federal Reserve, which has already raised rates, to hike again this year, though the timing is uncertain.

    wgme.com·▲ DXY▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTinflationoil pricesFed
  • Gold bar and gold ring prices on the morning of October 28 at SJC, Bảo Tín Mạnh Hải, DOJI and PNJ

    On the morning of October 28, SJC, Bảo Tín Mạnh Hải, DOJI and PNJ all quoted gold bars at 139 million VND per tael to buy and 142 million VND to sell, unchanged from the previous close, while gold rings were quoted between 135 and 141.3 million VND per tael. World gold rebounded on October 27 (U.S. time) as crude oil fell, reaching around 4,058.20 USD per ounce, up 42 USD (1.05%). Gains were capped by a stronger U.S. dollar and the 10-year U.S. Treasury yield near 4.99%. Investors are focused on the Fed's rate decision expected on October 28 (U.S. time), with markets leaning toward the Fed holding rates steady.

    CafeF·• PNJ• XAU/USDgoldFedUS dollar
  • Fed Set for Policy Meeting as Markets Predict 90% Chance Rates Stay Unchanged

    The Fed enters this week's policy meeting as inflation rises again, with markets still expecting rates to be held just days before the U.S. midterm elections. Former Fed Vice Chair Alan Blinder expects a 'hawkish pause,' holding rates while signaling readiness to hike again, possibly as soon as the next meeting. U.S. CPI rose 3.7% year on year in September, core CPI rose 2.6%, and wholesale prices rose more than 6%. Harvard's Ken Rogoff also expects no change, while Cleveland Fed President Beth Hammack backs a gradual hike now to contain spreading price pressure. Policy rates currently sit at 3.75%-4%, and markets price nearly 70% odds of a 0.25 percentage point hike in December.

    CafeF·• DXY• XAU/USDFedinflationinterest rates
  • Gold may trade up to USD 5 , 000 / oz over next two years as central banks sustain demand : Report

    NDB Wealth Management expects gold to trade between US$4,200 and US$5,000 an ounce over the next 12–24 months, a base case it assigns a 50% probability, as central bank purchases and Asian investor demand increasingly drive prices rather than US interest rate moves. Gold was trading at US$4,118.91 an ounce, down 0.14%, though it has kept gaining despite higher US rates, persistent inflation and a firmer dollar. Central banks bought 289 tonnes in the second quarter of 2026, while Asian gold funds saw net inflows of nearly 70 tonnes in the first half, their strongest first half on record, even as North American funds recorded outflows of about 61 tonnes. The World Gold Council projects around 850 tonnes of central bank buying in 2026, and mine output is forecast to rise only 2.4% to 3,907 tonnes. A lasting peace in the Gulf, easing inflation or a pause in US rate hikes could push prices lower, while concerns over US fiscal health and Fed independence could lift them further.

    israelherald.com·▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDgoldcentral bankFed
  • Gold may trade up to USD 5 , 000 / oz over next two years as central banks sustain demand : Report

    A report by NDB Wealth Management says gold could stay between USD 4,200 and USD 5,000 per ounce over the next 12–24 months, as central bank purchases and strong Asian investor demand increasingly drive prices rather than US interest rate moves. At the time of filing, gold traded at USD 4,118.91 per ounce, down USD 5.82 or 0.14 per cent. Central banks bought 289 tonnes in the second quarter of 2026, while Asian gold funds saw net inflows of nearly 70 tonnes in the first half, a record for that period, and North American gold funds recorded outflows of around 61 tonnes. Supply is limited, with global mine output forecast to rise just 2.4 per cent to 3,907 tonnes in 2026. The base case, given a 50 per cent probability, sees prices between USD 4,200 and USD 5,000, while lasting peace in the Gulf, easing inflation or a pause in US rate hikes could push prices lower, and concerns over US government finances or Fed independence could drive further gains.

    sandiegosun.com·▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDgoldcentral bankFed

Related markets

Crypto →Gold →Currencies →US stocks →

Latest news

  • Will the Fed raise interest rates several more times?

    The Fed is expected to keep rates unchanged at its October 27-28 meeting, after raising them by 0.25 percentage points in September to a 3.75-4% range, and investors are watching for signals from Chair Kevin Warsh on next steps. Inflation remains high: September CPI rose 3.7% year on year, while core CPI rose 2.6%, 0.3 percentage points above August. Meanwhile, the housing market remains sluggish as mortgage rates exceed 7%, and the labor market is unusual, with few layoffs but also limited hiring. According to CME Group's FedWatch tool, markets put about a 10% chance on a rate hike in October but over 80% for December. Krishna Guha of Evercore ISI said Warsh's message fits a scenario of a hike roughly once a quarter, though this is not a fixed path.

    CafeF·▲ DXY▼ XAU/USD▼ BTC/USDT▼ EUR/USDFedinterest ratesinflation
  • One company fined for failing to report planned trades

    The State Securities Commission (SSC) fined Đầu tư – Xây dựng – Thương mại – Sản xuất CNC 435 million dong, equal to 3.5% of the actual traded securities value at par, for failing to report its planned trades. The company is linked to Vương Tấn Hát, chairman of the board of Công ty CP Đầu tư và Xây dựng Công trình 3 (CT3), and bought 1,242,379 CT3 shares on October 17, 2025. The purchase brought total holdings of the company and related parties to 2,238,734 shares, or 25.44% of voting shares, without a public tender offer, which drew a 225 million dong fine. The company was also suspended from securities trading for 3.5 months, must give up voting rights on the shares involved, and must sell shares to reduce its stake below the public tender threshold within six months, with total fines of nearly 660 million dong.

    CafeF·regulationState Securities Commission
  • Why SoFi Stock Popped Today

    Shares of SoFi Technologies rose more than 13% after the digital financial services provider issued an optimistic growth forecast. Third-quarter adjusted net revenue surged 44% to $1.4 billion, members grew 35% to 17.1 million, financial products rose 44% to 26.7 million, and adjusted net income soared 74% to $243 million. SoFi expects full-year 2026 adjusted net revenue to grow 40% to $5.04 billion, with net income of $840 million and EPS of $0.61, and sees adjusted net revenue of $6.4 billion and EPS of $0.90 in 2027. CEO Anthony Noto said the company is adding more members and products to create long-term shareholder value.

    Yahoo Finance·SOFIearningsbanks
  • Bithumb discloses data leak after internal system breach: Report

    South Korean crypto exchange Bithumb is investigating the extent of a data leak after hackers breached its in-house mobile system, which employees use for internal communication and work, earlier this week. Bithumb discovered the breach on Tuesday and notified the Korea Internet & Security Agency and the Personal Information Protection Commission the same day. The exchange said its internal work system is separated from its virtual asset trading system, so customer virtual assets could not be accessed through this breach, while it was still checking whether member data was involved. The incident is part of a wave of cyberattacks on South Korea's financial sector, with 16 financial firms hit as of October 14, according to Governor Lee Chan-jin. Daishin Securities said personal and credit information of 38,490 customers had been leaked.

    Cointelegraph·cryptocybersecuritySouth Korea
  • What Could JPMorgan Chase (JPM) Losing $1.4 Billion In Advisory Assets Signal?

    A large advisory group at JPMorgan Chase (NYSE:JPM) has moved to Rockefeller Capital Management, taking more than US$1.4 billion in client assets with it. The departing advisers were part of J.P. Morgan's wealth management arm, serving high-net-worth and family office clients in key U.S. markets. The move gives Rockefeller Capital Management a bigger presence in the high-net-worth advisory segment previously served by J.P. Morgan teams. The article notes this is only one part of JPMorgan Chase's business, a global bank and financial holding company whose wealth unit sits within a much broader mix of retail, corporate and investment banking.

    Yahoo Finance·▼ JPMJPMbanksasset management
  • The first 250 trading sessions of a listed stock

    TCX shares of TCBS reached their 250th trading session since listing on HOSE, down 12.79% from the opening price of the first session, though they had at one point risen about 30.12%. F88 rose 92% on reaching the same milestone, while AIG and CRV fell 32% and 28% respectively, showing no common formula for first-year performance. Since late 2025, 10 IPO companies have raised a total of 60,900 billion dong, more than nine times the 6,500 billion dong raised by 16 companies in 2021-2024, and experts stress post-listing quality, transparency and governance. Most of the new stocks are trading below their IPO prices, and the article notes that performance also depends on business outlook, interest rates and investor sentiment.

    Vietstock·IPOTCXHOSE

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.