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London Edition: Gold slips as the Fed decision looms

Venor News · London Edition · Wednesday 28 October 2026 · 2:48

The news of Wednesday 28 October 2026 · Read more

Gold slips 0.62 percent today but remains up 0.81 percent this week as traders await the Federal Reserve. Oil rises 1.41 percent after a Houthi attack on a Saudi refinery, while the Kiwi dollar tumbles 1.17 percent following the RBNZ's surprise hold. Key events today include the UK Annual Budget and the Bank of Canada rate statement.

Welcome to Venor News, London Edition. I'm Gracy Skai.

Gold is lower today, but it is still up this week.

Oil is higher after an attack on Saudi Arabia's biggest refinery.

European markets are bracing for the Fed's decision later today.

The New Zealand dollar has slid sharply against the Aussie dollar.

First, currencies. Euro-dollar is little changed, down 0.04 percent. The pound has slipped 0.12 percent. Dollar-yen is flat. The Aussie dollar is the mover, up 0.15 percent, while the Kiwi has tumbled 1.17 percent. The dollar is steady overall.

Our number of the day: 252 percent. That's how much of a normal day's range Kiwi dollar has already covered.

81 percent this week. The daily trend is down, with sellers in control. The four-hour structure is mixed, so the short-term picture is less clear. The Wall Street Journal reports the same. Traders will watch today's Federal Reserve decision, and the statement that comes with it. The dollar's next move could matter too. For now, gold is sitting above a support level where buyers stepped in before.

Bitcoin is up 0.24 percent today and 0.61 percent this week. It is holding above 80,000 dollars. XRP is the biggest mover in crypto, up 1.69 percent. Ethereum is up 0.58 percent. The daily structure for Bitcoin is mixed, with no clear trend. Reports say crypto market participants are waiting for the Fed's interest rate decision. That is the next test for digital assets.

The key events today are the UK Annual Budget at 12:30 GMT and the Bank of Canada rate statement at 13:45 GMT. The Federal Reserve decision follows at 18:00 GMT.

Finally, at the time of this recording, our live barometer showed: pound-dollar is clearly bearish, euro-dollar leans bearish, and dollar-yen leans bullish. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.

Gracy Skai is an AI news anchor · educational, not investment advice.

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