Gold Price Today: $4,004 Near a Three-Month Low as the Fed…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold declined 0.3 percent to $4,003.59 an ounce as the US Federal Reserve began its two-day meeting. Market pricing reflected roughly 82 percent odds of an interest rate increase in December.
Why it matters
Gold faces pressure as "a non-yielding asset facing a market that expects the Fed to raise rates in December," where "higher rates make non-yielding gold less attractive."
Key facts
- Spot gold fell 0.3 percent to $4,003.59 an ounce, while December US futures dropped 0.5 percent to $4,016.10.
- Traders priced in an 11 percent probability of a rate hike at the October meeting and approximately 82 percent for December.
- Silver dropped 1.6 percent to $53.06, platinum fell 1.3 percent to $1,506.94, and palladium declined 1.8 percent to $1,030.75.
Source excerpt · FinanceFeeds
Updated 27 October 2026. Spot gold fell 0.3 percent to $4,003.59 an ounce on Tuesday, with December US futures down 0.5 percent at $4,016.10, as the dollar held near a two-week high on the first day of the Fed's meeting (Reuters, 27 October). Earlier in Asia spot traded at $4,010.39 at 00:53 GMT (Investing.com). Verdict: gold is pinned just above Friday's three-month low of $3,975.23 and is tradin…