• Fri, Feb 6, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

28 January 2026 22:00  |

Gold consolidates below fresh record highs as traders brace for Fed interest rate decision

Gold (XAU/USD) pushes deeper into uncharted territory on Wednesday, extending its gains for eight consecutive days as safe-haven demand and a softer US Dollar (USD) fuel the ongoing rally. At the time of writing, XAU/USD is trading around $5,280, easing slightly after touching a fresh all-time high near $5,311 earlier in the European session.

Traders appear reluctant to chase prices aggressively higher ahead of the Federal Reserve’s (Fed) interest rate decision due later at 19:00 GMT. While no change in rates is expected, markets will closely scrutinize Chair Jerome Powell’s tone and forward guidance for clues on the monetary policy path.

Any hint of a gradual easing bias would likely reinforce the broader bullish structure in Gold. By contrast, a more cautious or hawkish message could trigger near-term profit-taking, potentially offering the US Dollar (USD) some relief and slowing Bullion’s ascent.

Source: FXstreet.com

Related News

GOLD

Gold Slips as Dollar Strengthens, Fed Decision in Focus

Gold prices (XAU/USD) hover around $3,335 per ounce on Monday, slipping for the third straight day as the US Dollar gains gro...

28 July 2025 16:23
GOLD

After Soaring, Is Gold Now Threatened to Sink?

The price of gold bullion moved lower and is estimated to record a second consecutive weekly loss after the global market sho...

27 June 2025 12:22
GOLD

Fear Markets, Gold Rises Unabated

Gold prices hit another record high, while silver held near its all-time high. This rise was driven by two major factors: the...

21 January 2026 07:24
GOLD

Fed Sends Gold Down, But Now It’s Starting to Reversal!

Gold edged up following a decline in the previous session that was fueled by Federal Reserve Chairman Jerome Powell’s warni...

19 June 2025 07:41
BIAS23.com NM23 Ai