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Gold prices rise over 1% after Fed holds rates but signals possible future hikes.

Market News
29 Jul 2026, 21:13 WIB
Kitco
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Bullish
Gold prices rise over 1% after Fed holds rates but signals possible future hikes.

The Federal Reserve kept interest rates steady between 3.50% and 3.75%, but three members voted for a rate hike, signaling ongoing tightening. Gold prices initially jumped $40, reflecting relief, and remain elevated at around $1,073.60 per ounce, up more than 1% on the day. This shows investor caution as the Fed balances inflation concerns with economic stability, suggesting future rate increases may still be possible.

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