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Gold Advances Above US$4,100 After Federal Reserve Holds Rates Steady

By Chee Liang CFA3 min read

Singapore, 30 July 2026 – Gold advanced above US$4,100 an ounce after the United States Federal Reserve kept interest rates unchanged, as declines in the dollar and Treasury yields improved the immediate outlook for the non-yielding precious metal.

Spot gold rose approximately 2% to US$4,101.99 an ounce during Wednesday’s trading, after reaching an intraday high of US$4,116.26. The move placed bullion at its strongest level since 23 July and reversed earlier weakness ahead of the monetary-policy announcement.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.