Business · Markets · 1 hr ago
Gold rises for a second day as markets await US rate decision
Gold prices rose for a second straight day in trading on Tuesday.
The December gold contract gained $34.90, or 0.86%, to $4,073.30 per ounce.
Markets are waiting for the US Federal Reserve’s next rate decision, which could affect financial markets.
Silver for December delivery also rose, gaining 0.22% to $54.460 per ounce.
The Fed raised rates by 0.25 percentage points last month, its first increase since 2023, bringing its target range to 3.75%–4%.
The pending decision is the next development for markets to watch, but no outcome is given.
Gold prices rose for a second consecutive day on Tuesday as markets awaited a US Federal Reserve interest-rate decision.
December-delivery gold increased by $34.90, or 0.86%, to $4,073.30 per ounce.
December-delivery silver rose by $0.119, or 0.22%, to $54.460 per ounce.
The Fed raised its rate by 25 basis points last month, bringing it to a range of 3.75% to 4%.
- Who
- Gold prices rose, while markets awaited the Federal Reserve’s decision.
- What
- December-delivery gold rose by $34.90, or 0.86%, to $4,073.30 per ounce.
- When
- Tuesday; the article was published on October 28, 2026.
- Where
- Not stated.
- Why
- Markets were awaiting the US Federal Reserve’s interest-rate decision.
This story does not have two clearly opposing sides.
The Federal Reserve raised its rate by 25 basis points to a range of 3.75% to 4%.
Gold prices rose for a second consecutive day as markets awaited the Fed’s rate decision.
- Gold price
- $4,073.30 per ounce for December delivery
- Gold daily rise
- $34.90, or 0.86%
- Silver price
- $54.460 per ounce for December delivery
- Previous Fed rate increase
- 25 basis points, to a range of 3.75% to 4%