Gold Hits $4,077 as Fed and Bank of Japan Meetings Converge

Spot gold closed at $4,076.90 on July 28, 2026, up roughly $21 from $4,055.90. The Fed's two-day FOMC meeting began the same day; the Bank of Japan decides policy July 31. With two major rate calls in four days, real yields (bond returns after inflation) and the dollar will drive gold's next move.