Spot Gold Slides to $4,020 Ahead of Fed Rate Decision; Market Odds 33% for 25bp Hike

According to Jin10, on July 29, spot gold traded near $4,020 in early sessions, extending losses from the previous trading day as traders weighed the Federal Reserve's rate decision prospects. Interest rate swap markets show approximately a one-third probability of a 25 basis point rate increase, reflecting unusually high uncertainty levels by recent standards. Policymakers face conflicting signals from below-expectation June inflation data and rising oil prices driven by renewed geopolitical tensions in the Middle East.
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