Gold price today: back above $4,000 ahead of the Fed decision
Gold price today is about $4,014 an ounce: on Monday the metal climbed back above $4,000 after its worst week in months, and the Fed announces its rate decision on Wednesday.
事件: 2026年10月26日
原始来源: 2026年10月26日
本站发布时间: 2026年10月27日 02:10 UTC
阅读: 3 分钟
发生了什么
On Monday, 26 October, spot gold traded around $4,014.49 an ounce, up 0.50%. On Friday it dipped below $4,000 for the first time since mid-July. It was the weakest week since June. Oil, high bond yields and bets on a Fed rate hike drove the drop.
为什么和你有关
Gold pays no income. The higher bond yields and the odds of a higher rate, the more it costs to hold the metal. If you follow gold in your own currency, remember that the exchange rate and local premiums matter too.
要核实和关注什么
The Fed decision on Wednesday, 28 October, at 2:00 p.m. New York time, and Fed Chair Kevin Warsh's press conference at 2:30 p.m. On Thursday come September PCE inflation and advance third-quarter GDP.
What happened. On Friday, 23 October, spot gold briefly fell below $4,000 an ounce ($3,998.49 at 2:27 p.m. New York time). According to 24/7 Wall St, that was a three-month low and the first break below $4,000 since mid-July. On Monday, per Kitco, the metal bounced to $4,014.49. Tuổi Trẻ in Vietnam put it near $4,016.74 on the morning of 27 October.
Why it fell. 24/7 Wall St lists several causes. Brent crude traded above $117 amid tension around the Strait of Hormuz. One-year inflation expectations in the University of Michigan survey rose to 4.7%. Traders priced a 78% chance of a Fed hike in December. The 10-year US Treasury yield was 4.96%. Stock market losses triggered margin calls, and investors sold gold and silver because both can be turned into cash quickly.
Why it bounced. Per Kitco, oil fell about 2% on Monday: Brent near $114, WTI near $101. The 10-year yield eased to about 4.99% from a recent high of 5.31%. That calmed worries that the Fed will tighten policy.
What the market is waiting for. The Fed funds range is 3.75% to 4.00%. Futures show about a 90% chance the Fed holds this week, and about an 80% chance of at least one 25-basis-point hike by December. The decision comes on Wednesday, 28 October, at 2:00 p.m. New York time. On Thursday, September PCE inflation and advance Q3 GDP are due.
Local prices. Tuổi Trẻ gives SJC prices for the morning of 27 October: bars at 138.7 million dong per lượng to buy and 141.7 million to sell. The world price, converted at the current exchange rate, is about 126.2 million dong per lượng before taxes and fees. So the local price is 15.5 million above the converted world price. That is a gap between markets, not a forecast.
Keep in mind. This is not advice to buy or sell gold. We do not know where the price will be after the Fed decision. Our earlier pieces: silver at a one-year low (silver-price-lowest-in-a-year-oil-inflation-fed-2026-10) and the central bank week preview (central-bank-week-fed-ecb-boj-2026-10-27).
已确认的事实
- On Monday, 26 October, spot gold traded around $4,014.49 an ounce (+0.50%).[1]
- On Friday, 23 October, spot gold dipped below $4,000 ($3,998.49), a three-month low and the first break below $4,000 since mid-July.[2]
- December futures fell about 4.1% from the 16 October settlement ($4,181.10), the steepest weekly decline since June.[2]
- 24/7 Wall St cites Brent above $117, 4.7% inflation expectations, high odds of a December hike and margin calls among the causes of the drop.[2]
- On Monday oil fell about 2%: Brent near $114, WTI near $101; the 10-year US yield was about 4.99% versus a recent high of 5.31%.[1]
- The Fed funds range is 3.75% to 4.00%; futures imply about a 90% chance of a hold at the 27 and 28 October meeting and about an 80% chance of at least one 25-basis-point hike by December.[1]
- The Fed decision is due Wednesday at 2:00 p.m. New York time, Kevin Warsh's press conference at 2:30 p.m.; September PCE and advance Q3 GDP are due Thursday.[1]
- According to Tuổi Trẻ, spot gold was about $4,016.74 an ounce at 7:30 a.m. Vietnam time on 27 October.[3]
- SJC bars: 138.7 million dong per lượng to buy and 141.7 million to sell; the converted world price is about 126.2 million, so SJC's sell price is about 15.5 million higher.[3]
影响
- 已确认In recent days gold has been moved by oil, bond yields and expectations for the Fed rate.
- 我们的解读If the Fed signals that rates will rise, pressure on gold may return.
- 我们的解读Local prices in dong, rupees and other currencies depend not only on the world price but also on the exchange rate and local market gaps.
仍未知
- What the Fed will say and how the market will react on Wednesday.
- Where oil goes while the situation around the Strait of Hormuz stays unclear.
- Whether the rebound in gold holds after Thursday's PCE data.
影响到谁
Worldwide, United States, Vietnam. Anyone who follows the gold price or keeps savings in gold, in any country
来源
封面：Freekonomist 图示，象征性图片，不是事件现场照片。 这是新闻解读，不构成投资建议。
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