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Gold holds above $4,000 but may dip below $3,900 by year-end; silver faces sharper declines amid Fed tightening.

Market News
28 Oct 2026, 19:17 WIB
Kitco
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Bearish
Gold holds above $4,000 but may dip below $3,900 by year-end; silver faces sharper declines amid Fed tightening.

Gold prices remain above $4,000 an ounce but are expected to test support near $3,900 ahead of the Federal Reserve's December meeting, as the Fed's tightening bias pressures precious metals. Silver faces greater downside risks, potentially falling to $50-$53 an ounce due to weaker industrial demand and high interest rates. Despite near-term challenges, both metals may stabilize in early 2027 as the Fed nears the end of its tightening cycle, with gold possibly rebounding to $4,200-$4,300 and silver to $57-$60. Central bank buying and ETF demand provide some support, but sustained recovery depends on easing monetary policy and lower energy prices amid ongoing geopolitical tensions and inflation concerns.

Gold and silver prices face potential declines as the Fed's tightening pressures precious metals. For readers following US stocks on Pluang, here is the market snapshot as of Oct 28, 2026 23:11 WIB: Among 150 priced US stocks, 73 rose and 76 fell. Notably, Baker Hughes Co (BKR) traded at USD 56.15 with a 1-day change of -4.83% and 100% buy orders, contrasting with Micron Technology (MU) at USD 970.66, up 4.51% but with 76% sell orders, and Accenture plc (ACN) at USD 245.37, up 4.34% with 85% sell orders.

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