Gold Slips to $4,126 Ahead of Federal Reserve Rate Decision

09:45 - 20.10.2026


October 20, Fineko/abc.az. Gold prices edged lower in Asian trading on Tuesday as investors focused on next week's US Federal Reserve interest rate decision and upcoming economic data.

Spot gold fell 0.3% to $4,126.84 per ounce, while US gold futures for December delivery dropped 0.3% to $4,146.

Markets are closely monitoring the Fed's October 27–28 meeting, with CME FedWatch tools pricing in an 83% probability that rates will remain unchanged next week. Among other precious metals, spot silver declined 0.7% to $56.69 per ounce, palladium dropped 0.7% to $1,112.08, and platinum traded flat at $1,639.65.