Global gold prices rose due to falling oil prices ahead of the Fed meeting. - Vietnam.vn

AI desk brief

Gold rose about 1% as crude oil eased and traders positioned ahead of this week’s Fed meeting and October 29 PCE data. Spot gold traded at $4,055.14/oz at 00:44 on Oct. 28 Vietnam time, after earlier dipping to $3,987.14/oz; December 2026 futures closed at $4,074.60/oz, up 0.9%.

The move was framed as a mix of lower oil prices easing inflation चिंता and Middle East peace-talk headlines, while high Treasury yields and a firm dollar remain the main headwinds. Silver rose 0.5% to $54.20/oz, platinum gained 0.3% to $1,530.75/oz, and palladium fell 2.1% to $1,027.67/oz; CME FedWatch implied an 83% chance of a December 2026 hike.