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Gold and silver prices rise as oil falls and Fed rate pause expected on Wednesday.

Market News
28 Oct 2026, 00:33 WIB
Kitco
View Source
Neutral
Gold and silver prices rise as oil falls and Fed rate pause expected on Wednesday.

Gold and silver prices recovered from early losses, rising as crude oil prices fell, easing inflation concerns ahead of the Federal Reserve's policy decision. Strong U.S. economic data supported a firmer dollar but did not prevent precious metals from gaining. The market expects the Fed to pause rate hikes on Wednesday, though another increase in December remains likely. Diplomatic progress in the Middle East eased some geopolitical risks, helping stabilize energy prices and support metals. Investors now await further economic data and central bank decisions later this week for direction.

Gold prices climbed above $4,050 as Wall Street rallied ahead of the Federal Reserve's policy decision. For readers following market trends, here is Pluang's market snapshot as of Oct 28, 2026 03:31 WIB: out of 150 priced US stocks tradable on Pluang, 87 rose and 62 fell. Notable movers include ASX at USD 41.97 with a 1-day change of +5.16% and 59% buy order activity, ACN at USD 235.64 down 4.69% with 85% sell order activity, and CVNA at USD 59.24 up 4.68% with 100% buy order activity.

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