Live Spot Gold
Bid/Ask
4,042.804,044.80
Low/High
4,011.704,082.90
Change
-32.50-0.80%
30daychg
-24.40-0.60%
1yearchg
+731.50+22.09%
Silver Price & PGMs
(Kitco NewsWire, Tues. July 28th, 2026) – Spot gold and silver prices are lower ahead of the North American market open Tuesday, as a firmer U.S. dollar, elevated Treasury yields and caution before this week’s Federal Reserve decision pressured precious metals. At the time of writing, spot gold was trading near $4,031.00 an ounce, down 1.09%, while spot silver was trading near $57.19, down 1.89% on the session.
Positioning after the latest significant U.S. economic data remains less dovish than the earlier CPI and PPI reaction suggested. Softer inflation and weaker durable-goods orders helped pull Treasury yields lower, but stronger retail sales, low jobless claims, firmer business activity and improved consumer sentiment have kept traders from pricing a clean policy pivot. Markets still expect the Fed to hold rates this week, but a rate hike remains priced as a meaningful risk because oil and energy-related inflation pressures have not fully cleared. The 10-year Treasury yield was near 4.62%, the 2-year yield was near 4.31% and the U.S. dollar was near a one-month high, leaving gold supported by the $4,000 floor but capped by rate and currency pressure.
Traders are watching the start of the Fed’s two-day meeting, Chair Kevin Warsh’s guidance, Thursday’s GDP and PCE inflation data and any renewed disruption to Hormuz or Red Sea shipping lanes. A sustained hold above $4,016.20 would keep gold’s $4,000 support structure intact, while a break below that level would put the $3,950 downside trigger back in focus.
The key outside markets see Nymex WTI crude oil prices lower and trading near the $82.00 area, while Brent crude was near the $86.00 area after Monday’s sharp pullback. The U.S. dollar index is firmer. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.62% area.
Technically, spot gold bears have the overall near-term technical advantage as prices remain below the $4,150 compression ceiling and continue to trade well under the $4,200 breakout level. Bulls’ next upside price objective is to push prices back above $4,082.90, with a sustained move targeting $4,150 and then $4,200. Bears’ next near-term downside price objective is a break below $4,016.20, with deeper downside targets at $3,950 and then $3,900. First resistance is seen at $4,082.90 and then at $4,150. First support is seen at $4,016.20 and then at $3,950.
Spot silver bears have the overall near-term technical advantage as prices remain below the $58.53 to $59.44 trader-reaction zone and continue to consolidate under the $60.00 breakout level. Silver bulls’ next upside price objective is to drive prices back above $58.53, with a move above that level targeting $59.44 and then $63.28. The next downside price objective for the bears is a break below $56.60, with deeper downside targets at $55.00 and then $54.69. First resistance is seen at $58.53 and then at $59.44. Next support is seen at $56.60 and then at $55.00.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com