Gold steady as markets await Fed meeting

February 2026 gold futures held steady at $4,242.2 an ounce

Gold futures were little changed on Monday in the first session of a week that will see the US Federal Reserve meet to review monetary policy.

February 2026 gold futures held steady at $4,242.2 an ounce.

Spot gold rose 0.4% to $4,214.41 an ounce, while spot silver edged down 0.1% to $58.25 an ounce.

The US dollar index, which measures the greenback against six major currencies, slipped 0.15% to 98.83 at 09:14 a.m. Mecca time.

March 2026 silver futures fell 0.55% to $58.69 an ounce. Spot platinum rose nearly 1% to $1,661.01, while spot palladium gained 0.55% to $1,470.15.

CME’s FedWatch tool shows markets are pricing in roughly an 88% chance of a 25-basis-point rate cut at the Fed’s meeting on Tuesday and Wednesday.