Macro2:48 PM ET

Gold pares losses as Fed Chair Warsh speaks, down 0.1% at $4,054.53

By BORSA NewsroomPublished Oct 28, 2026, 2:48 PM EDTUpdated Oct 28, 2026, 2:50 PM EDT

Spot gold trimmed its decline during Fed Chair Warsh's press conference. The metal was last down about 0.1% at $4,054.53. The Fed held rates steady with two dissents for a hike. Warsh said growth has strengthened and inflation remains elevated. Gold initially fell on the decision but recovered as Warsh spoke.

Sentimentbearish 40

Bearish · 40 of 100

Impact20

low · stays off the top drivers

Confidence70%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Spot gold last at $4,054.53, down 0.1%.
Gold pared losses during Fed Chair Warsh's press conference.