US EditionGold Prices Crash ₹13,000 From Peak: Should You Buy Bullion Ahead of the US Fed Meet Outcome on Wednesday?
Gold prices dropped 3.2% last week amid easing U.S.-China trade tensions and a 97% market expectation of a Federal Reserve rate cut this week, analysts said.
- Today, spot gold fell below $4,000 per ounce as safe-haven demand eased while investors awaited the U.S. Federal Reserve decision.
- An easing of trade tensions has unwound earlier gains, CPM Group's Jeffrey Christian said, noting negotiators from the U.S. and China outlined tariff pauses and deferred China's rare-earth export controls.
- U.S. gold futures for December delivery fell 2.9%, settling at $4,019.70 after a record high of $4,381.21 on October 20 and a recent pullback.
- Markets price a 97% chance of a Fed quarter-point cut on Wednesday, while Capital Economics analysts lowered its end-2026 gold forecast to $3,500, as spot silver, platinum and palladium slid.
- Gold's sensitivity to interest rates complicates the outlook as analysts projecting $5,000/oz see bullish potential, while London, Hatton Garden imagery on Oct. 8 shows global market interest.
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20 Articles
Gold sheds Rs14,000 on global weakness
Gold prices in Pakistan extended their decline on Tuesday, mirroring weakness in the international bullion market, as investors awaited the US Federal Reserve's policy decision and optimism around US-China trade talks reduced safe-haven demand. According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs14,000 to Rs416,362, while the rate for 10 grams dropped by Rs12,003 to Rs…
A volatile October is ending in financial markets with a considerable measure of optimism, which the Fed could further strengthen today. It is almost certain that it will cut interest rates by 0.25 percentage points. It is also expected to announce the end of quantitative tightening.
Gold falls below $4,000 as U.S.-China trade thaw cools demand | Honolulu Star-Advertiser
Gold prices fell below $4,000 per ounce today as signs of a thaw in U.S.-China trade tensions reduced some of the bullion’s safe-haven appeal, while market participants awaited the U.S. Federal Reserve’s interest rate decision this week.
Gold prices fall below $4,000 as U.S.-China trade deal nears
Gold prices dropped below $4,000 for the first time in weeks as the U.S. and China moved closer to a trade deal. Investors are waiting for the Federal Reserves rate decision, which could affect golds future. Some experts still expect prices to rise again, while others see slower growth ahead.
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