Gold price today, Wednesday, October 29: Gold opens flat ahead of Fed rate announcement

Group 1: Gold Price Movement - Gold futures opened at $3,967.20 per ounce, nearly flat with Tuesday's close of $3,966.20, and moved above $4,000 in early trading [1] - The price of gold has changed as follows: one week ago: -3.5%, one month ago: +5.7%, one year ago: +43.3% [7] Group 2: Federal Reserve Interest Rate Expectations - The Federal Reserve is expected to lower interest rates by 25 basis points, with a 99.9% probability that the target federal funds rate will drop to a range of 375 to 400 basis points from the current 400 to 425 [1][2] - Limited data due to the government shutdown has made it challenging for the policymaking committee to evaluate economic risks [2] Group 3: Impact of Interest Rates on Gold Demand - Falling interest rates typically increase demand for gold by making cash and other interest-bearing assets less appealing [3] Group 4: Investment Options in Gold - Common ways to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [8] - Each investment option has its own pros and cons, affecting investor decisions [5][6][11][14][18][19][20]