Gold rebounds from sub-$4,000 dip as split Fed holds rates steady

Federal Reserve leaves rates unchanged in split vote

The Federal Reserve held its policy interest rate steady on July 29, 2026, in a decision that two industry outlets described as split. The hold followed a session in which traders had positioned precious metals lower into the announcement and prompted an immediate reversal in gold futures once the outcome was known.

Gold rebounds from sub-$4,000 dip

Spot gold fell toward the $4,000 mark earlier in the session as investors awaited the Fed's guidance, then reversed course after the decision was released. KITCO reported a jump from the sub-$4,000 dip on the rates hold, while Mining.com described the same session as a rebound on what it called a "split Fed holds fire" outcome. The intraday swing was captured at different points by the three lead sources, with Anadolu's earlier piece documenting the pre-decision slide and the other two documenting the post-decision recovery.

Silver tracks gold higher

Silver also advanced alongside gold's recovery, according to Mining.com. The accompanying move extended the broader correlation between the two precious metals during Fed-decision sessions, though specific percentage moves for silver were not disclosed in the available coverage.

Three outlets, three phases of the same session

The day's three lead reports documented different phases of a single volatile session: Anadolu's account captured gold falling toward $4,000 ahead of the announcement, Mining.com captured the rebound and the silver rally after the split hold was confirmed, and KITCO captured the subsequent jump from the sub-$4,000 level. The contrast illustrates how Fed-decision coverage often varies by timestamp rather than by substance, with all three consistent on the underlying facts: rates unchanged, vote split, gold recovering, silver climbing.