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Gold prices hold steady ahead of Fed decision amid West Asia tensions
Gold prices stayed roughly flat on July 29, 2026, with spot gold trading around USD 4,030 per ounce and the Indian 24‑carat benchmark remaining at Rs 1.47 lakh per 10 g in Delhi. Silver edged up to about USD 57.5 per ounce. Analysts attributed the narrow range to a firm US dollar and elevated Treasury yields, which limited bullion’s upside.
Investors were focused on the Federal Reserve’s policy meeting later that day. Market tools indicated roughly a 62 % probability the Fed would leave rates unchanged and a 38 % chance of a 25‑basis‑point hike. Commentators noted that the Fed’s decision and any accompanying commentary from Chair Kevin Warsh would heavily influence gold’s direction.
Renewed tensions in West Asia, including Iranian missile strikes, lifted crude‑oil prices and revived inflation concerns, providing intermittent support to gold despite the broader pressure from the strong dollar.
Entities
All India Sarafa Association · Bitcoin · Delhi · Federal Reserve · Gold · Gold · Gold · Gold (XAU) · Gold (XAU/USD) · India · Iran · Kevin Warsh
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] In Bosnia, gold lost nearly one third of its value after reaching a record near $5,600. face.ba
- [○ 1 SOURCE] Analysts cite a support level near $3,940 and consider a breakout above $5,000 possible. captainaltcoin.com
- [● 3 SOURCES] Gold price fell roughly 30 % to around $4,000 per ounce by mid‑2026. aheadoftheherd.com · captainaltcoin.com · face.ba
- [● 4 SOURCES] The decline is linked to a stronger US dollar and expectations of Federal Reserve rate hikes. aheadoftheherd.com · captainaltcoin.com · face.ba
- [○ 1 SOURCE] 89 % of central banks expect to increase gold reserves in the next year. face.ba
- [● 6 SOURCES] Gold reached an all‑time high of about $5,600 per ounce in January 2026. www.fxpremiere.com · aheadoftheherd.com · captainaltcoin.com · face.ba · finance.technews.tw
- [○ 1 SOURCE] In the Czech market, gold fell about 25 % from its peak, ending Q2 at $4,008 per ounce.
- [○ 1 SOURCE] A breakdown below the lower boundary could push gold toward $3,300. captainaltcoin.com
- [○ 1 SOURCE] Gold briefly fell below $4,000 per ounce on 24 June 2026.
- [● 3 SOURCES] Gold reached a record high of around $5,600 per ounce in early 2026. aheadoftheherd.com · face.ba · captainaltcoin.com
- [○ 1 SOURCE] Some analysts consider an upside breakout more likely, potentially returning gold above $5,000. captainaltcoin.com
- [● 4 SOURCES] The drop is linked to expectations of Federal Reserve interest‑rate hikes. aheadoftheherd.com · face.ba · captainaltcoin.com