10:39 - 29.07.2026

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July 29, Fineko/abc.az. In view of the expectations of the U.S. Federal Reserve System (Fed) decision on monetary policy and upcoming statements by Fed Governor Kevin Warsh on the prospects of inflation and interest rates, gold prices are trading in a narrow range.

• Current spot gold price: $4,024 – $4,029 per troy ounce.

• August futures: fell by 0.2% to $4,028.10 per ounce.

About 70% of market participants predict that the interest rate will remain at its current level, while 30% expect it to rise by 25 basis points.

Price dynamics for other precious metals:

• Silver: $57.65 (+0.9%)

• Platinum: $1,600.40 (+0.3%)

• Palladium: $1,261.00 (-0.7%)