COMEX Gold Falls to $4,065.1 on July 27 Amid Fed Rate Decision Uncertainty

XAU-1.24%
According to Guru Club, COMEX gold closed at $4,065.1 per ounce on July 27, down 0.29%, while Shanghai Gold Exchange (SHFE) futures fell 0.18% to 891.12 yuan per gram. U.S. core capital goods orders excluding aircraft and defense items grew 0.9% month-over-month in June, beating market expectations and signaling sustained business investment appetite. Geopolitical tensions eased as the U.S. and Iran held "deeply engaged" negotiations, with both sides expressing patience for a potential agreement, though the U.S. warned of possible military action if diplomacy fails. Oil prices declined on the easing tensions, though gold prices showed limited upside, with investors focusing on the Federal Reserve's July policy decision.
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