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As on : 29-Oct-2025
Other Markets - Bullion Markets
29-Oct-2025     14:38

Gold rises above $4000 ahead of key Fed rate decision

Gold futures rebounded above $4000 per ounce in Asian electronic trading on Wednesday, snapping a three-session decline ahead of the Federal Reserve's rate decision. Markets expect a rate cut later today, with another likely in December, as traders await Fed Chair Jerome Powell's comments for policy cues. Optimism over a potential US'China trade deal also influenced sentiment, as both leaders move closer to finalizing an agreement aimed at easing trade tensions. Despite recent corrections, gold remains up nearly 50% this year, supported by central bank buying and global uncertainties. On MCX, December bullion futures climbed 1.5% to ₹1604 per 10 grams, though still 10% below the record ₹132294 hit on October 17.

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