Critical week in the gold market: FED decision and PCE data awaited
While spot gold maintains its course around the $4,000 level, investors have focused on the FED's interest rate decision and critical inflation data from the US.
In global markets, spot gold completed the first trading day of the week at $4,017, while as of October 27, 2026, spot gold started the day at $4,015 and gram gold at 6,425 TL levels.
The course of Brent crude around $115, the dollar index exceeding the 102 level, and high interest rate expectations continue to exert pressure on gold prices. Market observers are closely monitoring the FED interest rate decision to be announced tomorrow and the US September Personal Consumption Expenditures (PCE) price index to be announced on Thursday, October 29.
Analysts state that statements by FED Chairman Kevin Warsh and the PCE data exceeding expectations could have a decisive impact on gold prices. During the day, gram gold is trading at 6,407 TL.
Sources
- ekonomi.haber7.com · Link