Quick Fundamental Outlook Gold prices witnessed an upswing, reaching above $2,000 per ounce, as the Federal Reserve decided to hold interest rates steady. The Fed’s stance was influenced by solid economic activity in the third quarter and moderated labor market gains, with Chairman Jerome Powell suggesting a possible rate hike in December to meet the 2% inflation target. Technical indicators present a cautiously optimistic picture: the Relative Strength Index (RSI) stands at 55, reflecting a mildly bullish sentiment.