FED MEETING AND GOLD PRICES

If the Fed holds rates steady and hints at future rate cuts (which many expect due to cooling inflation and economic uncertainties), gold could get a bullish push. Lower interest rates weaken the dollar and reduce the opportunity cost of holding gold—both factors that typically lift gold prices.

However, if the Fed signals no near-term cuts or takes a more hawkish stance, gold might drop, especially if risk sentiment improves globally (like from U.S.-China trade talks).

My take: If there's any dovish tilt in the Fed's language today, gold prices are likely to bounce upward—possibly sharply. So yes, there’s a fair chance today’s meeting could boost gold, depending on the tone of Powell’s statement.