30-Jul-2026 09:14

Gold rebounded in Asia after a volatile spell yesterday. The Federal Reserve released its latest interest rate decision on Wednesday, opting to keep rates at a range of 3.5% to 3.75%. The Fed kept rates unchanged for the fifth consecutive meeting. However, the Fed's chair Kevin Warsh said the US economy was performing well on employment and faced challenges on inflation. He also noted that the focus of the central bank was to understand and identify underlying inflation dynamics amid shocks. The US Bond yields jumped following this meeting, with the 30-year Treasury yield topping 5.2% and hitting its highest level since 2007. The rate on the 10-year yield rose more than 7 basis points to 4.67%. Gold eased initially on these cues but losses were curved around $4000 per ounce and the metal edged up 0.30% at $4109 per ounce today.

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