Gold futures prices fell by 0.2% to $3,974.6 per ounce, while spot gold prices increased by 0.2% to $3,959.7 per ounce. Meanwhile, the dollar approached its lowest level in a week against a basket of major currencies ahead of the interest rate decision. It is noted that gold thrives in a low interest rate environment and during periods of economic uncertainty.
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Slight Increase in Gold Prices Ahead of U.S. Federal Reserve Decision
Gold prices for immediate delivery rose during trading on Wednesday, October 29, amid anticipation of a U.S. Federal Reserve decision expected to include a 25 basis point rate cut.
Published: 10/29/2025, 7:42:14 AM | Updated: 10/29/2025, 7:42:14 AM
Source: CNBC Arabia
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