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Gold Falls Below $4,100/oz Overnight, Down 1.17% Ahead of Fed Rate Decision

2026-07-29 02:55:19

XAU-0.59%

According to Citic Futures analysis, London spot gold fell below $4,100 per ounce overnight (July 29), down 1.17%, while Shanghai futures declined 0.73%. Markets are watching the Federal Reserve's policy decision Thursday, with rates expected to hold steady at 3.5%-3.75%. Key focus areas include Fed Chair Powell's remarks, dissenting votes among officials, and guidance on September rate moves. In the near term, gold trading is expected to remain volatile, with investors maintaining a cautious stance pending the outcome.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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