Tuesday 28 July 2026 Abu Dhabi UAE
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Gold slips as firm dollar weighs; focus turns to Fed meeting

Gold slips as firm dollar weighs; focus turns to Fed meeting
28 July 2026 10:34

WORLD CAPITALS (WAM)

Gold prices fell on Tuesday, pressured by a stronger dollar, while markets ‌looked to the Federal Reserve's upcoming policy decision for clues on the interest rate outlook.

Spot gold fell 0.7 percent to $4,045.89 per ounce by 0448 GMT after rising as much as 1 percent ​on Monday.

US gold futures for August delivery lost 0.8 percent to $4,046.20.

Spot silver fell 2 percent to $57.23 per ounce, platinum lost 0.9 percent to $1,605.93 and palladium slid 1.6 percent ​to $1,270.97.

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