Gold weakens ahead of US PCE inflation amid hawkish Fed outlook

Cross-asset desk, Private Trade News (2026-10-29): Gold (XAU/USD) trades on the back foot on Thursday as the Federal Reserve’s (Fed) latest monetary policy announcement leaves a December hike firmly in play… Primary source: original at FXStreet (fxstreet.com).

October 29, 2026 1:11 PM GMT · FXStreet

Gold (XAU/USD) trades on the back foot on Thursday as the Federal Reserve’s (Fed) latest monetary policy announcement leaves a December hike firmly in play after the US central bank keeps interest rates steady at its October meeting.

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