Gold prices are approaching a crucial technical level ahead of the US Federal Reserve’s policy decision on October 28. After attaining record highs earlier in the year, XAU/USD has paused its rally and now trades just above the $4,000 threshold, a level that could shape the metal’s direction in the coming weeks. At publishing time, gold stood at $4,019.81, slightly up from the session’s low of $3,978.18.