Gold Edges Higher Ahead of Fed Meeting -- Market Talk
Dow Jones2026/07/29 07:470747 GMT - Gold prices tick higher as investors await the Federal Reserve's interest-rate decision this week and Chair Kevin Warsh's remarks. "Markets currently assign around a one-in-three probability of a 25 basis-point rate hike, with policymakers balancing softer June inflation against renewed inflationary pressures from higher oil prices," says Soojin Kim, analyst at MUFG. "Although gold has fallen by nearly 25% since the conflict began, the metal has remained supported around the $4,000/oz level by sustained dip-buying." In early European trading, New York gold futures are up 0.2% to $4,045.80 a troy ounce. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
July 29, 2026 03:47 ET (07:47 GMT)
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