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Business / World Business

Gold slips 0.7% as dollar strengthens ahead of federal reserve's decision

Published: 28 Jul 2026 - 07:59 pm | Last Updated: 28 Jul 2026 - 08:02 pm
Peninsula

QNA

Singapore: 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% to $4,044.81 per ounce after rising as much as 1% on Monday. US gold futures for August delivery lost 0.8% to $4,045.40.

Spot silver fell 1.9% to $57.30 per ounce, platinum lost 1% to $1,605.14 and palladium slid 1.6% to $1,271.09.