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Gold Slips as Investors Await Fed Rate Signals
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CNBC TV18•20-10-2026, 07:20
Gold Slips as Investors Await Fed Rate Signals
- •Spot gold fell 0.3% to $4,126.84 per ounce during early Asian trade on Tuesday.
- •US gold futures for December delivery dropped 0.3% to $4,146.00.
- •Investor focus remains fixed on the upcoming US Federal Reserve policy meeting and crucial PCE inflation data.
- •Traders are pricing in an 83% chance that the central bank will leave rates unchanged next week.
- •Higher interest rates typically weigh on non-yielding bullion by increasing the opportunity cost of holding it.
Key Questions Answered
Spot and futures gold prices dropped as investors awaited the upcoming US Federal Reserve policy decision and its potential signals on interest rates.
According to CME's FedWatch Tool, traders are pricing in an 83% chance that the central bank will keep interest rates unchanged, with a 94% expectation for a hike in December.
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