The Federal Reserve kept borrowing costs unchanged and did not give a clear signal for subsequent policies. There is still a possibility of interest rate hikes at the end of the year, and the price of gold will fall accordingly. The Federal Open Market Committee voted to keep interest rates unchanged. Federal Reserve Chairman Kevin Warsh said that the central bank may reduce the number of interest rate resolution meetings each year. Analysts say this move may increase market uncertainty. Gold continued to weaken in October. Traders assessed whether AI capital expenditure dragged down cash flow. Gold prices are still vulnerable to general stock market declines and sell-offs. Saxo Bank Hansen said that the current price trend is very variable. He added that if the gold price rises above the two key technical levels of $4,070 and $4,230, it may force capital to re-enter the market to buy.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.