10:49 - 28.07.2026

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July 28, Fineko/abc.az. Global gold prices fell on Tuesday under pressure from strengthening of US dollar.

Investors' attention is focused on the upcoming meeting of the US Federal Reserve (Fed), which will shed light on the further trajectory of interest rates.

The spot price of gold fell by 0.7% to $4,044.81 per troy ounce. August gold futures in the US also lost 0.8%, falling to $4,045.40. The dollar's holding of the last month's highs reduces attractiveness of the precious metal for holders of other currencies. According to experts, the quotes are trading in a narrow range of $3,950–4,200, waiting for signals from the US regulator.

According to CME FedWatch, the probability of the Fed keeping its rate at its current level is estimated at 62%, while the chances of an increase of 25 basis points have increased to 38% from 16% a week earlier.