S&P 5007,722.60▲0.6% Nasdaq26,477.81▲1.2% Dow52,377.57▲0.0% Russell 2K2,818.87▲1.2% 10-Yr4.99%+1bp VIX17.52−0.87 WTI$100.46▼1.3% Gold$4,079.60▲1.0% EUR/USD1.113▼0.4% BTC$79,117▼2.6% Nikkei64,131▲3.1%
At close · Wed, Oct 28, 2026
Daily Market Updates.

Forex

Home›Forex›Major Pairs›Gold drops 1% as US PCE inflation strengthens case for…

Gold drops 1% as US PCE inflation strengthens case for December Fed rate hike

Reported · Written up by our desk · Major Pairs

Gold (XAU/USD) extends its intraday decline on Thursday as the latest US Personal Consumption Expenditures (PCE) inflation data reinforce expectations of a Federal Reserve (Fed) rate hike in December after the US central bank held interest rates steady at its October meeting.

Latest closeGold $4,079.60 ▲1.0%

← Newer storyGold weakens ahead of US PCE inflation amid hawkish Fed outlook

More like this

ForexECB Recap: On hold amid tighter financial conditions and rising energy costs
ForexForex Today: BoJ to leave rates unchanged
ForexUSDCHF tests key support as sellers challenge the 200-hour moving average
ForexJapanese Yen struggles for direction as BoJ interest rate decision looms
ForexIndonesian Rupiah: MSCI risks deepen pressure against US Dollar - OCBC

Sources

FXStreetGold drops 1% as US PCE inflation strengthens case for December Fed rate hike

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.