The US Federal Reserve will announce its interest rate and monetary policy decision on Wednesday 28 October.

Markets expect a rate pause this week. CME FedWatch shows an 80% implied probability of a December rate hike.

The upcoming decision is being watched across global asset classes.

Upcoming US Federal Reserve monetary policy decisions will be the primary driver of near term silver price volatility.

Analysts identify the rate announcement as the most likely driver of next Bitcoin price moves.

Max Baecker stated Federal Reserve policy sets the near term pace for gold, not its overall direction.

Markets are also awaiting the UK autumn Budget alongside the US Federal Reserve decision scheduled for Wednesday.