December Gold futures fell more than 0.5% below $4,050 as market participants prepared for the Federal Reserve rate decision. While gold steadied following its recent slide, prices remain well below February highs as elevated energy costs and central bank tightening policy continue to influence market sentiment. Key technical levels sit at $4,000 support and $4,100 resistance. Meanwhile, CME FedWatch Tool data indicates a 9.4% probability of a rate hike at the October meeting, with an 84.5% probability priced for the December 9 meeting. In broader metals markets, December Silver futures slipped 1.5% to $53.67, while December Copper futures traded near two-week highs at $665.50, supported by supply tightness and U.S. shipments.
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