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Ahead of today's decision, a vast majority of global and institutional banks expect the Fed to keep its policy interest rate unchanged.
Banks revised their gold price forecasts downwards ahead of the #Fed meeting.
Reuters Survey: A new poll of 29 analysts and traders lowered the median gold price forecast for 2026 from $4,916 to $4,509. This is the first downward revision in 11 quarters.
#Gold and #Silver forecasts:
Commerzbank: 4500$ gold & 60 silver
HSBC: 4560$
Citi $C : 3800$
Deutsche Bank $DB : 3800$