In this video: Why the bear market in gold price is not over yet and why the metal could drop to new targets by the end of 2027. We look at the chart of gold metal with analyst Bob Prechter. Bob explains what the gold chart is likely saying to us at present. Video by Alessio Rastani.
"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Gold spot prices are holding firm just above the key $4,000 baseline, trading around $4,020 to $4,030 per ounce on Wednesday, July 29, 2026. Bullion faces intense macroeconomic pressure as investors universally pause ahead of this afternoon's crucial Federal Reserve interest rate decision and press conference.
Visit Trading Platform >>
Insights Today
-The Fed Looming: Markets are highly focused on the FOMC meeting ending at 2:00 p.m. ET. The CME Group FedWatch Tool indicates a 64.2% chance the Fed holds rates steady, against a 35.8% chance of a hawkish 25-basis-point hike.
-The Fed Chair Influence: Investors are awaiting remarks from Chair Kevin Warsh for crucial guidance on whether the central bank will delay monetary easing into September.
-Yield and Dollar Headwinds: “The stronger U.S. dollar index and the slight uptick in Treasury yields are negative forces” suppressing near-term upside. High real yields raise the opportunity cost of holding non-yielding bullion.
-Geopolitical Tug-of-War: Renewed military strikes between the U.S. and Iran in Jordan are applying opposing forces. Geopolitics drive defensive safe-haven inflows into gold. However, subsequent spikes in oil prices raise inflation expectations, reinforcing the case for a restrictive Fed.
-Institutional Sentiment: A recent Reuters poll shows analysts scaled back their median 2026 gold price forecast to $4,509 per ounce. Strong underlying retail demand and structural central bank buying continue to cushion the retreat.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
