Gold holds near three-month lows ahead of the Federal Reserve's next decision
Spot gold rose 0.2% to $4,005.41 an ounce in Monday's Asian session, after falling 4.1% the previous week and slipping below $4,000 on Friday for the first time since mid-July. Markets await the Federal Reserve's meeting on October 27-28 and the release of the PCE index on October 29, amid higher energy prices and 10-year Treasury yields near 5%.
In 35 seconds
- Spot gold rose 0.2% to $4,005.41 an ounce and US futures gained 0.3% to $4,017.45 an ounce.
- The previous week the metal fell 4.1% and on Friday dropped below $4,000 for the first time since mid-July.
- The market expects the Fed to keep rates unchanged at its October 27-28 meeting, with attention on signals about December.
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.




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