Gold gains with Fed rate decision in spotlight - CNBC

AI desk brief

Spot gold rose 0.8% to $4,328.39/oz as oil prices eased and traders positioned for the U.S. Fed decision, with a 25 bp hike largely priced in at 92.4% probability. December gold futures slipped 0.9% to $4,369.50, highlighting some near-term divergence between spot and futures ahead of the policy outcome.

Market focus is on whether the Fed delivers hawkish guidance: analysts cited by CNBC said a hawkish message could दब pressure on gold, while softer language could help bullion recover. Commerzbank said gold has been more resilient than expected, supported by fiscal concerns, elevated long-end yields and rising U.S. political risk; silver, platinum and palladium also firmed.