Gold steadies near $4,000 as Fed policy meet begins; silver near 11-month low
Bullish strength: 30/100
- Gold was recovering from an opening gap-down in the Indian market.
- The Fed is widely expected to hold rates unchanged at 3.75%–4% on Wednesday.
Bearish strength: 70/100
- Gold traded around $4,030, down 0.20%, after losing more than 4% last week.
- Silver fell 1% to around $53.80, near its weakest level in 11 months.
- The 10-year U.S. Treasury yield approached 5%, increasing the opportunity cost of holding non-yielding gold.
- Markets assign over 80% odds to a December Fed rate hike, limiting gold's recovery.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.