Gold Prices Fall On Firmer Dollar
By Fahad Shabbir
(UrduPoint / Pakistan Point News / WAM - 29th Oct, 2026)
Spot gold fell 0.7 percent to US$4,039.26 per ounce on Thursday, pressured by a firmer dollar after the US Federal Reserve left interest rates unchanged.
Markets are awaiting the release of US personal consumption expenditures (PCE) inflation data later in the day for clues about the monetary policy outlook. Traders are pricing in a 78 percent chance of an interest rate hike in December.
Among other precious metals:
- Spot silver slid 0.7 percent to US$53.60 per ounce.
- Platinum dropped 0.3 percent to US$1,533.50.
- Palladium gained 0.7 percent to US$1,017.29.