Gold Slips and Oil Extends Losses Ahead of Fed Decision — Market Challenge & Consideration Breakdown

Commodity markets traded lower on 28 July 2026 as a stronger U.S. Dollar weighed on precious metals, while crude oil extended its decline after easing U.S.–Iran tensions reduced concerns over Middle East supply disruptions. Investors are now focused on the Federal Reserve's policy decision, expected to be the week's biggest catalyst.