10:07 - 28.10.2026

---

October 28, Fineko/abc.az. Gold prices traded steadily above the $4,000 per ounce level on Wednesday as investors cautiously awaited the US Federal Reserve's policy announcement.

Spot gold held firm at $4,061.96 per ounce, while US gold futures rose to $4,075.80. Strong physical buying—particularly driven by retail demand in China—helped cap recent losses after prices briefly dipped below $4,000. While the Fed is widely expected to hold interest rates steady, persistent inflation concerns stemming from elevated energy costs keep future rate hikes on the radar.

Markets are closely monitoring remarks from Fed Chair Kevin Warsh for monetary policy guidance.